TRX GOLD CORP (TRX.CA) Stock Technical Analysis
TSX:TRX - Toronto Stock Exchange - CA87283P1099 - Common Stock - Currency: CAD
Taking everything into account, TRX scores 4 out of 10 in our technical rating. TRX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, TRX is a bad performer in the overall market: 81% of all stocks are doing better.
TRX is one of the lesser performing stocks in the Metals & Mining industry. 64% of 805 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRX is lagging the market.
In the last month TRX has a been trading in the 0.43 - 0.49 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 only medium, TRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.45, a Stop Loss order could be placed below this zone. 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
0.41
0.49
We found 3 important support areas.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.44 from a horizontal line in the daily time frame.
- Support @0.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.47 from a trend line in the daily time frame.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.49 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 TRX.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRX.CA is neutral. |
| ChartMill Relative Strength | 19.3 | NEGATIVE | TRX.CA has a low relative strength, it was outperformed by 80.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.67 | NEUTRAL | The RSI value for TRX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TRX.CA has a positive trend. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for TRX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for TRX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.83 | NEGATIVE | The low ADX value for TRX.CA suggests a weak or negative trend. |
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:TRX (7/11/2025, 7:00:00 PM)
0.47
+0.01 (+3.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.3%
1 Week4.44%
2 Weeks3.3%
1 Month1.08%
3 Month13.25%
6 Month-6%
12 Month-21.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%3.56%
ATR Inc-14.29%
Range Today0.01
ADR(20)0.02
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.3
Mansfield-1.06
10 Day High0.47
10 Day Low0.44
20 Day High0.5
20 Day Low0.44
52 Week High0.61
52 Week Low0.36
CS1 End0.45
CR1 Start0.47
Volume & EV
DER(3)0%
DER(5)0%
Volume67.50K
Volume Incr-15.82%
Vol(5)28.92K
Vol(50)39.58K