TOREX GOLD RESOURCES INC (TXG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TXG - CA8910546032 - Common Stock
We assign a technical rating of 10 out of 10 to TXG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TXG is showing a nice and steady performance.
TXG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 69.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TXG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
47.14
We found 5 important support areas.
- A support zone ranging from 65.68 to 65.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 59.79 to 59.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.76 from a trend line in the daily time frame.
- Support @53.20 from a horizontal line in the daily time frame.
- Support @47.62 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.13 to 69.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TXG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXG.CA is up. |
| ChartMill Relative Strength | 86.09 | POSITIVE | TXG.CA has a high relative strength, it outperformed 86.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TXG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TXG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.74 | NEUTRAL | The RSI value for TXG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests TXG.CA has a positive trend. |
| Stochastics (14,3) | 88.88 | OVERBOUGHT | The high Stochastics value suggests TXG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for TXG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for TXG.CA suggests a weak or negative 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 |
|---|---|---|---|
| 69.80 | 65.67 | 4.13 (5.92%) | 16.90% |
| An entry @69.80. This is a Buy Stop order right above the resistance zone. | An exit @65.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.13 points, which is 5.92%. | For a 1.00% total portfolio risk, you can invest 16.90% of your capital in this trade. |
- 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.
TSX:TXG (1/9/2026, 7:00:00 PM)
67.94
-1.51 (-2.17%)
TOREX GOLD RESOURCES INC / TXG.CA FAQ
Can you provide the ChartMill technical rating for TOREX GOLD RESOURCES INC?
ChartMill assigns a technical rating of 10 / 10 to TXG.CA.
What is the current trend direction of TOREX GOLD RESOURCES INC (TXG.CA) stock?
The current trend direction for TOREX GOLD RESOURCES INC (TXG.CA) is Bullish.
Can you provide the RSI signal for TOREX GOLD RESOURCES INC?
TOREX GOLD RESOURCES INC (TXG.CA) has an RSI value of 60.7369. This indicates that the stock is currently neutral.
What is the short term momentum for TXG stock?
The short term momentum for TOREX GOLD RESOURCES INC (TXG.CA) is positive.
Can you provide the support and resistance levels for TOREX GOLD RESOURCES INC?
TOREX GOLD RESOURCES INC (TXG.CA) has a support level at 65.98 and a resistance level at 69.13. Check the full technical report for our detailed analysis of TXG.CA support and resistance levels.