Turquoise Hill Resources Ltd (TRQ.CA) Technical Analysis
TSX:TRQ • CA9004352071
Current stock price
TRQ.CA Technical Rating and Analysis
Overall TRQ gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TRQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TRQ did better than 96% of all other stocks.
- TRQ is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 798 stocks in the same industry.
- A new 52 week high is currently being made by TRQ, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so TRQ is leading the market.
- In the last month TRQ has a been trading in a tight range between 41.81 and 43.01.
- Volume is considerably higher in the last couple of days.
TRQ.CA Weekly and Daily overview Charts
TRQ.CA Setup Rating and Analysis
TRQ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 43.02. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
TRQ.CA Support and Resistance Analysis
36.79
We found 3 important support areas.
- Support @39.14 from a trend line in the weekly time frame.
- Support @38.27 from a horizontal line in the weekly time frame.
- Support @37.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.02 to 43.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
TRQ.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 | UP | POSITIVE | The long term trend for TRQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRQ.CA is up. |
| ChartMill Relative Strength | 96.16 | POSITIVE | TRQ.CA has a high relative strength, it outperformed 96.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.18 | NEUTRAL | The RSI value for TRQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TRQ.CA has a negative trend. |
| Stochastics (14,3) | 98.48 | OVERBOUGHT | The high Stochastics value suggests TRQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for TRQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.41 | NEGATIVE | The low ADX value for TRQ.CA suggests a weak or negative trend. |
TRQ.CA Chart- and CandleStick Pattern Analysis
TRQ.CA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.03 | 42.34 | 0.69 (1.60%) | 25.00% |
| An entry @43.03. This is a Buy Stop order right above the resistance zone. | An exit @42.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.69 points, which is 1.60%. | For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TRQ.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:TRQ (12/19/2022, 7:00:00 PM)
42.99
-0.02 (-0.05%)
Turquoise Hill Resources Ltd / TRQ.CA TA FAQ
What is the technical rating for TRQ stock?
ChartMill assigns a technical rating of 9 / 10 to TRQ.CA.
Can you provide the trend direction for Turquoise Hill Resources Ltd?
The current trend direction for Turquoise Hill Resources Ltd (TRQ.CA) is Bullish.
What is the RSI signal for TRQ stock?
Turquoise Hill Resources Ltd (TRQ.CA) has an RSI value of 66.1811. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Turquoise Hill Resources Ltd?
The MACD indicator for Turquoise Hill Resources Ltd (TRQ.CA) has a value of -0.0264078, indicating a bearish trend.
What are the support and resistance levels for Turquoise Hill Resources Ltd (TRQ.CA) stock?
Turquoise Hill Resources Ltd (TRQ.CA) has a support level at 39.14 and a resistance level at 43.02. Check the full technical report for our detailed analysis of TRQ.CA support and resistance levels.