TRX GOLD CORP (TRX) Stock Technical Analysis
USA - NYSEARCA:TRX - CA87283P1099 - Common Stock
0.5999 USD
-0.01 (-1.48%)
0.5999 USD
0 (0%)
Overall TRX gets a technical rating of 9 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!
A new 52 week high is currently being made by TRX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month TRX has a been trading in the 0.34 - 0.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TRX has an average volume of 1010380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TRX did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TRX is an average performer in the Metals & Mining industry, it outperforms 67% of 156 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.34
0.61
When analyzing the support we can see 2 important areas.
- Support @0.35 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 | 93.89 | POSITIVE | TRX has a high relative strength, it outperformed 93.89% 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) | 82.79 | OVERBOUGHT | The high RSI value suggests TRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TRX has a positive trend. |
| Stochastics (14,3) | 92.16 | OVERBOUGHT | The high Stochastics value suggests TRX may be overbought. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for TRX suggests high volalility. |
| Average Directional Index/ADX (14) | 57.48 | 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)
0.5999
-0.01 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.48%
1 Week14.84%
2 Weeks33.97%
1 Month72.14%
3 Month85.15%
6 Month89.54%
12 Month50.58%
2 Year63.91%
3 Year53.78%
5 Year-13.81%
10 Year99.97%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%5.29%
ATR Inc81.67%
Range Today0.06
ADR(20)0.03
ADR(20)%5.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.89
Mansfield5.44
10 Day High0.64
10 Day Low0.44
20 Day High0.64
20 Day Low0.35
52 Week High0.64
52 Week Low0.27
CS1 End0.35
CR1 StartN/A
Volume & EV
DER(3)2.76%
DER(5)1.02%
Volume2.41M
Volume Incr32.87%
Vol(5)1.76M
Vol(50)1.01M