TRX GOLD CORP (TRX) Technical Analysis
NYSEARCA:TRX • CA87283P1099
Current stock price
1.5 USD
-0.03 (-1.96%)
At close:
1.4901 USD
-0.01 (-0.66%)
After Hours:
TRX Technical Rating and Analysis
Taking everything into account, TRX scores 8 out of 10 in our technical rating. In the last year, TRX was one of the better performers, but we do observe some doubts in the very recent evolution.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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. On top of that, TRX also shows a nice and consistent pattern of rising prices.
- TRX is part of the Metals & Mining industry. There are 158 other stocks in this industry. TRX outperforms 99% of them.
- TRX has an average volume of 8596380 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 trading in the upper part of its 52 week range, so TRX is lagging the market slightly.
- In the last month TRX has a been trading in the 1.23 - 1.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRX Weekly and Daily overview Charts
TRX Setup Rating and Analysis
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
TRX Support and Resistance Analysis
0.80
1.76
2 important support areas can be observed.
- Support @1.28 from a horizontal line in the weekly time frame.
- Support @0.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.54 from a horizontal line in the daily time frame.
- Resistance @1.74 from a trend line in the daily time frame.
TRX Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for TRX is neutral. |
| ChartMill Relative Strength | 99.02 | POSITIVE | TRX has a high relative strength, it outperformed 99.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRX is below 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) | 49.7 | 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. |
| Stochastics (14,3) | 55.79 | NEUTRAL | The Stochastics value for TRX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.28 | HIGH VOLATILITY | The high ATR as a percentage value for TRX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for TRX suggests a possible start of a new trend. |
TRX Chart- and CandleStick Pattern Analysis
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)
TRX Technicals: Chart, Performance Metrics, Trend & Indicators
1.5
-0.03 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.96%
1 Week19.05%
2 Weeks8.7%
1 Month-11.76%
3 Month66.69%
6 Month137.34%
12 Month426.69%
2 Year240.91%
3 Year176.45%
5 Year167.95%
10 Year284.62%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%9.28%
ATR Inc21.53%
Range Today0.18
ADR(20)0.13
ADR(20)%8.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.02
3 months CRS98.05
6 months CRS98.96
Mansfield10.34
10 Day High1.63
10 Day Low1.23
20 Day High1.98
20 Day Low1.23
52 Week High2.8
52 Week Low0.27
CS1 End1.28
CR1 Start1.54
Volume & EV
DER(3)2.49%
DER(5)0.9%
Volume2.94M
Volume Incr-9.66%
Vol(5)4.55M
Vol(50)8.60M
TRX GOLD CORP / TRX TA FAQ
What is the ChartMill technical rating of TRX GOLD CORP (TRX) stock?
ChartMill assigns a technical rating of 8 / 10 to TRX.
What is the current trend direction of TRX GOLD CORP (TRX) stock?
The current trend direction for TRX GOLD CORP (TRX) is Bullish.
Can you provide the RSI signal for TRX GOLD CORP?
TRX GOLD CORP (TRX) has an RSI value of 49.6972. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TRX GOLD CORP?
The short term momentum for TRX GOLD CORP (TRX) is neutral.