TRX GOLD CORP (TRX) Stock Technical Analysis
USA - NYSEARCA:TRX - CA87283P1099 - Common Stock
0.7238 USD
-0.07 (-9.02%)
0.7321 USD
+0.01 (+1.15%)
Taking everything into account, TRX scores 9 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.
Both the short term and long term trends are positive. This is a very positive sign.
TRX is part of the Metals & Mining industry. There are 155 other stocks in this industry. TRX outperforms 77% of them.
TRX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRX is lagging the market slightly.
TRX has an average volume of 2137110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TRX is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month TRX has a been trading in the 0.56 - 0.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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.
More info and screens
0.34
0.73
We found 2 important support areas.
- Support @0.37 from a trend line in the daily time frame.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines 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 | 96.2 | POSITIVE | TRX has a high relative strength, it outperformed 96.2% 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) | 58.87 | NEUTRAL | The RSI value for TRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.94 | NEUTRAL | The Stochastics value for TRX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.34 | HIGH VOLATILITY | The high ATR as a percentage value for TRX suggests high volalility. |
| Average Directional Index/ADX (14) | 50.53 | POSITIVE | The high ADX value value for TRX suggests a strong 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)
0.7238
-0.07 (-9.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-9.02%
1 Week-10.53%
2 Weeks14.53%
1 Month32.83%
3 Month114.59%
6 Month119.33%
12 Month76.11%
2 Year85.07%
3 Year90.52%
5 Year14.89%
10 Year112.88%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.34%
ATR Inc22.6%
Range Today0.08
ADR(20)0.05
ADR(20)%7.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.2
Mansfield7.9
10 Day High0.85
10 Day Low0.62
20 Day High0.85
20 Day Low0.56
52 Week High0.85
52 Week Low0.27
CS1 End0.37
CR1 StartN/A
Volume & EV
DER(3)-13.3%
DER(5)-8.3%
Volume4.03M
Volume Incr7.07%
Vol(5)3.41M
Vol(50)2.14M