Technical Analysis for TXG - Torex Gold Resources Inc.

Grade Last Price % Change Price Change
C 14.280 3.03% 0.420
TXG closed up 3.03 percent on Tuesday, November 28, 2023, on 1.59 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Above Upper BB 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%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 50 DMA Bullish 3.03%
Pocket Pivot Bullish Swing Setup 3.03%
Gapped Up Strength 3.03%

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Alert Time
Up 1 ATR about 21 hours ago
Up 5% about 21 hours ago
Up 3% about 22 hours ago
Up 2% about 22 hours ago
Upper Bollinger Band Resistance 1 day ago

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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 25.4
52 Week Low 11.95
Average Volume 215,242
200-Day Moving Average 17.657
50-Day Moving Average 13.730
20-Day Moving Average 13.282
10-Day Moving Average 13.254
Average True Range 0.596
RSI (14) 58.51
ADX 11.68
+DI 32.308
-DI 21.194
Chandelier Exit (Long, 3 ATRs) 12.771
Chandelier Exit (Short, 3 ATRs) 14.189
Upper Bollinger Bands 14.192
Lower Bollinger Band 12.372
Percent B (%b) 1.05
BandWidth 13.703
MACD Line -0.056
MACD Signal Line -0.211
MACD Histogram 0.1555
Fundamentals Value
Market Cap 1.22 Billion
Num Shares 85.5 Million
EPS 0.59
Price-to-Earnings (P/E) Ratio 24.08
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) 15.345
Resistance 3 (R3) 15.320 14.940 15.168
Resistance 2 (R2) 14.940 14.669 14.953 15.108
Resistance 1 (R1) 14.610 14.501 14.775 14.635 15.049
Pivot Point 14.230 14.230 14.313 14.243 14.230
Support 1 (S1) 13.900 13.959 14.065 13.925 13.511
Support 2 (S2) 13.520 13.791 13.533 13.452
Support 3 (S3) 13.190 13.520 13.393
Support 4 (S4) 13.215