Turquoise Hill Resources Ltd (TRQ) Stock Technical Analysis
USA - NYSE:TRQ - CA9004352071 - Common Stock
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.
TRQ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRQ in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
27.06
4 important support areas can be observed.
- A support zone ranging from 30.98 to 31.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.65 from a trend line in the weekly time frame.
- Support @28.12 from a horizontal line in the weekly time frame.
- A support zone ranging from 27.33 to 27.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.69 to 32.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRQ is up. |
| ChartMill Relative Strength | 98.03 | POSITIVE | TRQ has a high relative strength, it outperformed 98.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.12 | NEUTRAL | The RSI value for TRQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TRQ has a negative trend. |
| Stochastics (14,3) | 72.97 | NEUTRAL | The Stochastics value for TRQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for TRQ suggests low volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for TRQ suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 31.80 | 31.04 | 0.76 (2.39%) | 25.00% |
| An entry @31.80. This is a Buy Stop order right above the 10 day high. | An exit @31.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.76 points, which is 2.39%. | For a 0.60% 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.
31.41
-0.29 (-0.91%)
Turquoise Hill Resources Ltd / TRQ FAQ
What is the technical rating for TRQ stock?
ChartMill assigns a technical rating of 9 / 10 to TRQ.
What is the trend direction for TRQ stock?
The current trend direction for Turquoise Hill Resources Ltd (TRQ) is Bullish.
Can you provide the RSI signal for Turquoise Hill Resources Ltd?
Turquoise Hill Resources Ltd (TRQ) has an RSI value of 55.1179. 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) has a value of -0.0501044, indicating a bearish trend.
What is the buy/sell signal for Turquoise Hill Resources Ltd (TRQ) stock?
The buy/sell signal for Turquoise Hill Resources Ltd (TRQ) is buy as both the short term and long term trends are positive.