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.
TRX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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0.68
When analyzing the support we can see 3 important areas.
- Support @0.86 from a horizontal line in the daily time frame.
- Support @0.71 from a trend line in the daily time frame.
- Support @0.69 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for TRX is neutral. |
| ChartMill Relative Strength | 96.78 | POSITIVE | TRX has a high relative strength, it outperformed 96.78% 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) | 57.73 | NEUTRAL | The RSI value for TRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.03 | NEUTRAL | The Stochastics value for TRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for TRX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.04 | POSITIVE | The high ADX value value for TRX suggests a strong trend. |
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 |
|---|---|---|---|
| 0.94 | 0.85 | 0.09 (9.20%) | 10.87% |
| An entry @0.94. This is a Buy Stop order right above the 10 day moving average. | An exit @0.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 9.20%. | For a 1.00% total portfolio risk, you can invest 10.87% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRX. Please evaluate whether better entry and exit points can be found.
- 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.
0.915
+0.05 (+5.17%)
TRX GOLD CORP / TRX FAQ
What is the ChartMill technical rating of TRX GOLD CORP (TRX) stock?
ChartMill assigns a technical rating of 9 / 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 57.7348. 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 -0.0122455, indicating a bearish trend.