Technical Analysis for TXG - Torex Gold Resources Inc.

Grade Last Price % Change Price Change
B 21.580 2.52% 0.530
TXG closed up 2.52 percent on Friday, May 17, 2024, on 1.5 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 3 Days in a Row Strength 2.52%

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Profile

Torex Gold Resources Inc. Description

Torex Gold Resources Inc. is a Canada-based resource company. The Company operates through the segment of exploration and development of mineral properties in Mexico. It is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property includes a land package of over 29,000 hectares and contains over two assets, the ELG Mine, which is in the production-stage, and the Media Luna Project, which is in an advanced-stage of exploration. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and approximately 50 kilometers southwest of Iguala. The Guerrero Gold Belt contains various gold deposits and prospects, including Los Filos Mine, located approximately 14 kilometers southeast of the ELG Mine of the Morelos Gold Property. The Morelos Gold Property consists of over seven mineral concessions covering a total area of approximately 29,000 hectares.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mineral Gold Mineral Properties Media Minaurum Gold Guerrero Gold Belt Los Filos Mine

Is TXG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 22.235
52 Week Low 12.4
Average Volume 260,256
200-Day Moving Average 15.586
50-Day Moving Average 19.386
20-Day Moving Average 19.934
10-Day Moving Average 20.285
Average True Range 0.794
RSI (14) 66.10
ADX 35.17
+DI 35.176
-DI 13.288
Chandelier Exit (Long, 3 ATRs) 19.609
Chandelier Exit (Short, 3 ATRs) 21.171
Upper Bollinger Bands 21.448
Lower Bollinger Band 18.419
Percent B (%b) 1.04
BandWidth 15.193
MACD Line 0.504
MACD Signal Line 0.367
MACD Histogram 0.1367
Fundamentals Value
Market Cap 1.85 Billion
Num Shares 85.5 Million
EPS 0.59
Price-to-Earnings (P/E) Ratio 36.39
Price-to-Sales 1.83
Price-to-Book 1.57
PEG Ratio 0.12
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.390
Resistance 3 (R3) 22.437 22.213 22.255
Resistance 2 (R2) 22.213 22.007 22.190 22.210
Resistance 1 (R1) 21.897 21.880 22.055 21.850 22.165
Pivot Point 21.673 21.673 21.753 21.650 21.673
Support 1 (S1) 21.357 21.467 21.515 21.310 20.995
Support 2 (S2) 21.133 21.340 21.110 20.950
Support 3 (S3) 20.817 21.133 20.905
Support 4 (S4) 20.770