TREASURE GLOBAL INC (TGL) Stock Technical Analysis
USA - NASDAQ:TGL - US89458T3041 - Common Stock
We assign a technical rating of 0 out of 10 to TGL. TGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TGL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.71
When analyzing the support we notice one important area.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.82 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.92 from a horizontal line in the daily time frame.
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 | 2.29 | NEGATIVE | TGL has a low relative strength, it was outperformed by 97.71% 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) | DOWN | NEGATIVE | The current price of TGL is below a declining 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) | 43.08 | NEUTRAL | The RSI value for TGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.82 | NEUTRAL | The Stochastics value for TGL is a neutral value. |
| Average True Range in percent/ATR (20) | 13.17 | HIGH VOLATILITY | The high ATR as a percentage value for TGL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for TGL suggests a weak or negative trend. |
0.8086
+0.01 (+0.87%)
TREASURE GLOBAL INC / TGL FAQ
What is the ChartMill technical rating of TREASURE GLOBAL INC (TGL) stock?
ChartMill assigns a technical rating of 0 / 10 to TGL.
What is the trend direction for TGL stock?
The current trend direction for TREASURE GLOBAL INC (TGL) is Bearish.
What is the RSI signal for TREASURE GLOBAL INC (TGL) stock?
TREASURE GLOBAL INC (TGL) has an RSI value of 43.0821. This indicates that the stock is currently neutral.
What is the short term momentum for TREASURE GLOBAL INC (TGL) stock?
The short term momentum for TREASURE GLOBAL INC (TGL) is negative.
What are the support and resistance levels for TREASURE GLOBAL INC (TGL) stock?
TREASURE GLOBAL INC (TGL) has a support level at 0.73 and a resistance level at 0.82. Check the full technical report for our detailed analysis of TGL support and resistance levels.