TRANSGLOBE ENERGY CORP (TGA) Stock Technical Analysis
NASDAQ:TGA - Nasdaq - CA8936621066 - Common Stock - Currency: USD
Taking everything into account, TGA scores 8 out of 10 in our technical rating. Although TGA 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, TGA did better than 96% of all other stocks.
TGA is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 210 stocks in the same industry.
In the last month TGA has a been trading in the 2.47 - 3.90 range, which is quite wide. It is currently trading near the high of this range.
TGA has an average volume of 1128970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TGA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGA is lagging the market.
Volume is considerably higher in the last couple of days.
Although TGA has an excellent technical rating, it does not present a decent entry opportunity 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
2.59
3.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.28 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.68 from a trend line in the weekly time frame.
- Support @2.62 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.15
Mansfield2.31
10 Day High3.9
10 Day Low2.6
20 Day High3.9
20 Day Low2.47
52 Week High5.5
52 Week Low2.4
Performance
1 Week3.91%
2 Weeks38.29%
1 Month20.78%
3 Month11.38%
6 Month-16.78%
12 Month42.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
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)0.09
RSI(14)65.77
LBB2.31
UBB3.91
3.72
+0.27 (+7.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.83%
1 Week3.91%
2 Weeks38.29%
1 Month20.78%
3 Month11.38%
6 Month-16.78%
12 Month42.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.2%
ATR Inc22.38%
Range Today0.38
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.15
Mansfield2.31
10 Day High3.9
10 Day Low2.6
20 Day High3.9
20 Day Low2.47
52 Week High5.5
52 Week Low2.4
CS1 End3.32
CR1 StartN/A
Volume & EV
DER(3)-2.43%
DER(5)-3.1%
Volume1.99M
Volume Incr60.55%
Vol(5)2.17M
Vol(50)1.13M