TOREX GOLD RESOURCES INC (TXG.CA) Stock Technical Analysis
TSX:TXG - Toronto Stock Exchange - CA8910546032 - Common Stock - Currency: CAD
Overall TXG gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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 TXG is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, TXG also shows a nice and consistent pattern of rising prices.
TXG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TXG is lagging the market slightly.
TXG is an average performer in the Metals & Mining industry, it outperforms 69% of 797 stocks in the same industry.
In the last month TXG has a been trading in the 41.37 - 49.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TXG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 43.77, a Stop Loss order could be placed below this zone.
More info and screens
36.87
49.11
2 important support areas can be observed.
- A support zone ranging from 42.37 to 43.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.24 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @46.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 48.34 to 48.62. 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 | NEUTRAL | NEUTRAL | The short term trend for TXG.CA is neutral. |
| ChartMill Relative Strength | 86.22 | POSITIVE | TXG.CA has a high relative strength, it outperformed 86.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TXG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TXG.CA is below a declining 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) | 48.28 | NEUTRAL | The RSI value for TXG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TXG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.15 | NEUTRAL | The Stochastics value for TXG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for TXG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.45 | NEGATIVE | The low ADX value for TXG.CA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 47.00 | 42.36 | 4.64 (9.87%) | 10.13% |
| An entry @47.00. This is a Buy Stop order right above the resistance zone. | An exit @42.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.64 points, which is 9.87%. | When investing 10.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (7/11/2025, 7:00:00 PM)
43.85
+0.1 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.23%
1 Week0.16%
2 Weeks-0.57%
1 Month-9.19%
3 Month-0.07%
6 Month52.36%
12 Month90.65%
2 Year137.03%
3 Year349.74%
5 Year86.68%
10 Year-60.85%
15 Year-54.79%
Volatility
ATR(14)1.66
ATR(20)%3.71%
ATR Inc-6.46%
Range Today1.53
ADR(20)1.47
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.22
Mansfield2.29
10 Day High44.76
10 Day Low41.62
20 Day High49.25
20 Day Low41.37
52 Week High49.25
52 Week Low19.01
CS1 End43.77
CR1 Start46.99
Volume & EV
DER(3)1.55%
DER(5)0.04%
Volume136.45K
Volume Incr-19.92%
Vol(5)241.17K
Vol(50)290.31K