TOREX GOLD RESOURCES INC (TXG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TXG - CA8910546032 - Common Stock
Overall TXG gets a technical rating of 10 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, TXG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TXG did better than 85% of all other stocks. We also observe that the gains produced by TXG over the past year are nicely spread over this period.
- TXG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TXG has a been trading in the 62.82 - 81.36 range, which is quite wide. It is currently trading near the high of this range.
- TXG is an average performer in the Metals & Mining industry, it outperforms 57% of 820 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 TXG has an excellent technical rating, it does not present a decent entry opportunity 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
39.65
When analyzing the support we can see 5 important areas.
- Support @68.58 from a trend line in the daily time frame.
- Support @57.28 from a trend line in the daily time frame.
- Support @53.20 from a horizontal line in the daily time frame.
- Support @48.35 from a trend line in the weekly time frame.
- Support @40.05 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 TXG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXG.CA is up. |
| ChartMill Relative Strength | 85.63 | POSITIVE | TXG.CA has a high relative strength, it outperformed 85.63% 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) | 73.75 | OVERBOUGHT | The high RSI value suggests TXG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests TXG.CA has a positive trend. |
| Stochastics (14,3) | 88.68 | OVERBOUGHT | The high Stochastics value suggests TXG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TXG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for TXG.CA suggests a possible start of a new trend. |
TSX:TXG (1/23/2026, 7:00:00 PM)
80.01
+0.88 (+1.11%)
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 73.7503. This indicates that the stock is currently overbought.
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 68.58. Check the full technical report for our detailed analysis of TXG.CA support and resistance levels.