Teranga Gold Corp (TGZ.CA) Stock Technical Analysis
TSX:TGZ - Toronto Stock Exchange -
We assign a technical rating of 1 out of 10 to TGZ. 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, TGZ turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
TGZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGZ is lagging the market.
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.
Although the technical rating is bad, TGZ does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
6.72
15.69
3 important support areas can be observed.
- 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.
We can see 6 important resistance 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.
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. |
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:TGZ (2/16/2021, 5:52:44 PM)
12.33
-0.03 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.24%
1 Week-6.09%
2 Weeks-4.64%
1 Month-1.12%
3 Month-14.49%
6 Month-15.78%
12 Month45.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%4.47%
ATR Inc0%
Range Today0.41
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.66
Mansfield-1.55
10 Day High13.55
10 Day Low11.89
20 Day High13.55
20 Day Low11.53
52 Week High16.8
52 Week Low3.86
CS1 End12.32
CR1 Start12.57
Volume & EV
DER(3)-4.27%
DER(5)-7.92%
Volume960.89K
Volume Incr6.96%
Vol(5)627.81K
Vol(50)589.75K