TOUCHSTONE EXPLORATION INC (TXP.CA) Stock Technical Analysis
TSX:TXP • CA89156L1085
Overall TXP gets a technical rating of 2 out of 10. TXP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TXP is a bad performer in the overall market: 91% of all stocks are doing better.
- TXP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 81% of 212 stocks in the same industry do better.
- TXP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- TXP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Considerably lower volume is observed in the last couple of days.
TXP has a poor technical rating and the quality of the setup is also not perfect 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
0.16
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.18 to 0.18. 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 | DOWN | NEGATIVE | The long term trend for TXP.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TXP.CA is down. |
| ChartMill Relative Strength | 9.66 | NEGATIVE | TXP.CA has a low relative strength, it was outperformed by 90.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TXP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TXP.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TXP.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.97 | NEUTRAL | The RSI value for TXP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TXP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40 | NEUTRAL | The Stochastics value for TXP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TXP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for TXP.CA suggests a possible start of a new trend. |
TSX:TXP (2/23/2026, 7:00:00 PM)
0.165
0 (0%)
TOUCHSTONE EXPLORATION INC / TXP.CA FAQ
Can you provide the ChartMill technical rating for TOUCHSTONE EXPLORATION INC?
ChartMill assigns a technical rating of 2 / 10 to TXP.CA.
Can you provide the trend direction for TOUCHSTONE EXPLORATION INC?
The current trend direction for TOUCHSTONE EXPLORATION INC (TXP.CA) is Bearish.
What is the RSI signal for TXP stock?
TOUCHSTONE EXPLORATION INC (TXP.CA) has an RSI value of 42.9685. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TOUCHSTONE EXPLORATION INC?
The buy/sell signal for TOUCHSTONE EXPLORATION INC (TXP.CA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TOUCHSTONE EXPLORATION INC?
TOUCHSTONE EXPLORATION INC (TXP.CA) has a resistance level at 0.17. Check the full technical report for our detailed analysis of TXP.CA support and resistance levels.