SOUTHGOBI RESOURCES LTD (SGQ.CA) Stock Technical Analysis
TSX:SGQ - Toronto Stock Exchange - CA8443751059 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to SGQ. Although SGQ has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: SGQ has an average volume of 6130 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SGQ is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 220 stocks in the same industry.
Looking at the yearly performance, SGQ did better than 89% of all other stocks. On top of that, SGQ also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
SGQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SGQ is lagging the market.
In the last month SGQ has a been trading in the 0.50 - 0.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SGQ has an excellent technical rating, it does not offer a high quality setup 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
0.46
0.71
We found 5 important support areas.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.53 from a horizontal line in the weekly time frame.
- Support @0.52 from a trend line in the daily time frame.
- Support @0.51 from a horizontal line in the daily time frame.
- Support @0.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.99
Mansfield-1.62
10 Day High0.69
10 Day Low0.5
20 Day High0.69
20 Day Low0.5
52 Week High1.2
52 Week Low0.34
Performance
1 Week8.93%
2 Weeks8.93%
1 Month-6.15%
3 Month22%
6 Month-6.15%
12 Month71.83%
2 Year430.44%
3 Year197.56%
5 Year335.71%
10 Year-1.61%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)51.69
LBB0.48
UBB0.66
SOUTHGOBI RESOURCES LTD
TSX:SGQ (2/7/2025, 7:00:00 PM)
0.61
-0.08 (-11.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-11.59%
1 Week8.93%
2 Weeks8.93%
1 Month-6.15%
3 Month22%
6 Month-6.15%
12 Month71.83%
2 Year430.44%
3 Year197.56%
5 Year335.71%
10 Year-1.61%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.05%
ATR Inc89.83%
Range Today0
ADR(20)0.02
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.99
Mansfield-1.62
10 Day High0.69
10 Day Low0.5
20 Day High0.69
20 Day Low0.5
52 Week High1.2
52 Week Low0.34
CS1 End0.59
CR1 Start0.69
Volume & EV
DER(3)30.66%
DER(5)18.39%
Volume1.50K
Volume Incr-16.13%
Vol(5)3.22K
Vol(50)6.13K