Taking everything into account, TRX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although TRX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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0.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.91 to 0.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.68 to 0.69. 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 TRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRX is up. |
| ChartMill Relative Strength | 98.42 | POSITIVE | TRX has a high relative strength, it outperformed 98.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for TRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRX has a negative trend. |
| Stochastics (14,3) | 56 | NEUTRAL | The Stochastics value for TRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for TRX suggests high volalility. |
| Average Directional Index/ADX (14) | 39.77 | POSITIVE | The high ADX value value for TRX suggests a strong trend. |
0.9209
-0.02 (-2.41%)
TRX GOLD CORP / TRX FAQ
What is the ChartMill technical rating of TRX GOLD CORP (TRX) stock?
ChartMill assigns a technical rating of 10 / 10 to TRX.
Can you provide the trend direction for TRX GOLD CORP?
The current trend direction for TRX GOLD CORP (TRX) is Bullish.
What is the RSI signal for TRX GOLD CORP (TRX) stock?
TRX GOLD CORP (TRX) has an RSI value of 59.9038. This indicates that the stock is currently neutral.
What is the MACD signal for TRX GOLD CORP (TRX) stock?
The MACD indicator for TRX GOLD CORP (TRX) has a value of -0.00199097, indicating a bearish trend.
Can you provide the buy/sell signal for TRX GOLD CORP?
The buy/sell signal for TRX GOLD CORP (TRX) is buy as both the short term and long term trends are positive.