TGL Technical Analysis - TREASURE GLOBAL INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to TGL. TGL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, TGL is a bad performer in the overall market: 98% of all stocks are doing better.

TGL is part of the Media industry. There are 96 other stocks in this industry, of which 77% are performing better than TGL.

TGL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month TGL has a been trading in the 1.01 - 1.43 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

TGL has an average volume of 3037460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TREASURE GLOBAL INC / TGL Weekly stock chart

TREASURE GLOBAL INC / TGL Daily stock chart

Setup Rating and Analysis

TGL has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.02

1.42

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 1.13 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @1.41 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for TGL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TGL is down.
ChartMill Relative Strength	2.79	NEGATIVE	TGL has a low relative strength, it was outperformed by 97.21% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TGL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of TGL is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TGL is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.91	NEUTRAL	The RSI value for TGL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests TGL has a negative trend.
Stochastics (14,3)	31.52	NEUTRAL	The Stochastics value for TGL is a neutral value.
Average True Range in percent/ATR (20)	10.6	HIGH VOLATILITY	The high ATR as a percentage value for TGL suggests high volalility.
Average Directional Index/ADX (14)	24.43	NEUTRAL	The ADX value for TGL suggests a possible start of a new trend.