Teranga Gold Corp (TGZ.CA) Technical Analysis
TSX:TGZ
Current stock price
TGZ.CA Technical Rating and Analysis
Overall TGZ gets a technical rating of 1 out of 10. TGZ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, TGZ outperforms 47% of them, which is more or less in line with the market.
- TGZ 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 TGZ is lagging the market slightly.
- In the last month TGZ has a been trading in the 11.53 - 13.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TGZ.CA Weekly and Daily overview Charts
TGZ.CA Setup Rating and Analysis
Although the technical rating is bad, TGZ does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
TGZ.CA Support and Resistance Analysis
6.72
When analyzing the support we can see 3 important areas.
- Support @12.32 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.65 to 11.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 12.57 to 12.81. 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 13.17 to 13.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.17 from a trend line in the weekly time frame.
- Resistance @14.96 from a trend line in the daily time frame.
- A resistance zone ranging from 15.20 to 15.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @15.53 from a horizontal line in the daily time frame.
TGZ.CA 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 | NEUTRAL | NEUTRAL | The long term trend for TGZ.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TGZ.CA is down. |
| ChartMill Relative Strength | 47.66 | NEUTRAL | TGZ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGZ.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGZ.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TGZ.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.44 | NEUTRAL | The RSI value for TGZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TGZ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.93 | NEUTRAL | The Stochastics value for TGZ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for TGZ.CA suggests some volalility. |
TGZ.CA Chart- and CandleStick Pattern Analysis
TGZ.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:TGZ (2/16/2021, 5:52:44 PM)
12.33
-0.03 (-0.24%)
Teranga Gold Corp / TGZ.CA TA FAQ
Can you provide the ChartMill technical rating for Teranga Gold Corp?
ChartMill assigns a technical rating of 1 / 10 to TGZ.CA.
What is the current trend direction of Teranga Gold Corp (TGZ.CA) stock?
The current trend direction for Teranga Gold Corp (TGZ.CA) is Bearish.
What is the RSI signal for Teranga Gold Corp (TGZ.CA) stock?
Teranga Gold Corp (TGZ.CA) has an RSI value of 40.4382. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Teranga Gold Corp?
The short term momentum for Teranga Gold Corp (TGZ.CA) is negative.
What is the support and resistance level for TGZ stock?
Teranga Gold Corp (TGZ.CA) has a support level at 12.32 and a resistance level at 12.57. Check the full technical report for our detailed analysis of TGZ.CA support and resistance levels.