TRALUCENT GLOBAL ALT LONG/SH (TGAF.CA) Stock Technical Analysis
TSX:TGAF - Toronto Stock Exchange - CA89300V1013 - ETF - Currency: CAD
Overall TGAF gets a technical rating of 3 out of 10. TGAF has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: TGAF has an average volume of 1189 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TGAF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, TGAF turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
TGAF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGAF is lagging the market slightly.
In the last month TGAF has a been trading in a tight range between 22.84 and 23.81.
Although the technical rating is bad, TGAF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
19.78
25.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.72 to 20.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @20.30 from a horizontal line in the weekly time frame.
- Support @19.98 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.33 to 23.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.02 to 25.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TGAF.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGAF.CA is neutral. |
| ChartMill Relative Strength | 54.16 | NEUTRAL | TGAF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGAF.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TGAF.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGAF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.05 | NEUTRAL | The RSI value for TGAF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TGAF.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.1 | NEUTRAL | The Stochastics value for TGAF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for TGAF.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for TGAF.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:TGAF (6/17/2025, 7:00:00 PM)
23.3
+0.09 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.39%
1 Week-0.72%
2 Weeks0.3%
1 Month-1.06%
3 Month0.17%
6 Month-1.35%
12 Month11.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.77%
ATR Inc-7.82%
Range Today0
ADR(20)0.02
ADR(20)%0.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.16
Mansfield-0.19
10 Day High23.53
10 Day Low22.98
20 Day High23.81
20 Day Low22.84
52 Week High25.02
52 Week Low19.36
CS1 End20.85
CR1 Start23.33
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-8.07%
Vol(5)780
Vol(50)1.19K