TRX GOLD CORP (TRX) Stock Technical Analysis
NYSEARCA:TRX - NYSE Arca - CA87283P1099 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to TRX. Although TRX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, TRX is a bad performer in the overall market: 72% of all stocks are doing better.
TRX is one of the lesser performing stocks in the Metals & Mining industry. 68% of 156 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
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 0.32 - 0.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TRX also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.30
0.36
We found 1 important support area.
- A support zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.35 from a horizontal line in the weekly time frame.
- Resistance @0.36 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 | 28.24 | NEGATIVE | TRX has a low relative strength, it was outperformed by 71.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRX is below 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) | DOWN | NEGATIVE | The current price of TRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.58 | 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) | 38.06 | NEUTRAL | The Stochastics value for TRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TRX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.46 | 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)
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 |
|---|---|---|---|
| 0.35 | 0.32 | 0.03 (7.62%) | 13.12% |
| An entry @0.35. This is a Buy Stop order right above the 10 day moving average. | An exit @0.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 7.62%. | When investing 13.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NYSEARCA:TRX (6/25/2025, 1:27:51 PM)
0.3302
-0.01 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.84%
1 Week-1.58%
2 Weeks-2.1%
1 Month5.69%
3 Month6.29%
6 Month11.17%
12 Month-14.58%
2 Year-24.06%
3 Year-9.59%
5 Year-61.99%
10 Year1.94%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%4.07%
ATR Inc83.11%
Range Today0.01
ADR(20)0.01
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.24
Mansfield-0.96
10 Day High0.36
10 Day Low0.33
20 Day High0.36
20 Day Low0.32
52 Week High0.45
52 Week Low0.27
CS1 End0.3
CR1 Start0.34
Volume & EV
DER(3)-5.81%
DER(5)-6.13%
Volume527.32K
Volume Incr24.69%
Vol(5)485.06K
Vol(50)514.71K