Overall TRX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TRX is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by TRX over the past year are nicely spread over this period.
- TRX is one of the better performing stocks in the Metals & Mining industry, it outperforms 97% of 157 stocks in the same industry.
- TRX has an average volume of 6337500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 0.90 - 2.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TRX has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
1.06
We found 2 important support areas.
- Support @1.52 from a trend line in the daily time frame.
- Support @1.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.84 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 | 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 | 99.55 | POSITIVE | TRX has a high relative strength, it outperformed 99.55% 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) | 62.13 | NEUTRAL | The RSI value for TRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.15 | NEUTRAL | The Stochastics value for TRX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.34 | HIGH VOLATILITY | The high ATR as a percentage value for TRX suggests high volalility. |
| Average Directional Index/ADX (14) | 42.69 | POSITIVE | The high ADX value value for TRX suggests a strong trend. |
1.77
-0.06 (-3.28%)
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 62.1264. 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 0.0123753, 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.