RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TRX
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Green day on Thursday for Tanzanian Royalty Exploration Corp. (US) stock after gaining 1.17%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.17% PDF

The Tanzanian Royalty Exploration Corp. (US) stock price gained 1.17% on the last trading day (Thursday, 28th Mar 2024), rising from $0.384 to $0.389. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.63% from a day low at $0.380 to a day high of $0.390. The price has risen in 5 of the last 10 days but is still down by -0.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 284 thousand shares were bought and sold for approximately $110.29 thousand.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.403 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.57% during the next 3 months and, with a 90% probability hold a price between $0.348 and $0.425 at the end of this 3-month period.

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TRX Signals & Forecast

The Tanzanian Royalty Exploration Corp. (US) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.383 and $0.359. A breakdown below any of these levels will issue sell signals. Tanzanian Royalty Exploration Corp. (US) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tanzanian Royalty Exploration Corp. (US) stock

Tanzanian Royalty Exploration Corp. (US) finds support from accumulated volume at $0.380 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.92%.

Our recommended stop-loss: $0.371 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (TRX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tanzanian Royalty Exploration Corp. (US) to open at $0.386, and during the day (based on 14 day Average True Range), to move between $0.372 and $0.405, which gives a possible trading interval of +/-$0.0165 (+/-4.25%) up or down from last closing price. If Tanzanian Royalty Exploration Corp. (US) takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.390 (0.31%) than the support at $0.380 (2.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Tanzanian Royalty Exploration Corp. (US) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tanzanian Royalty Exploration Corp. (US) stock to perform well in the short-term.

Current score: 1.880 Buy Candidate Unchanged

Predicted Opening Price for Tanzanian Royalty Exploration Corp. (US) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.386 ( 0.635%) $0.389

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TRX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.396 1.94 %
R2 0.392 0.96 %
R1 0.390 0.348 %
Current price: 0.389
Support S1 0.382 -1.62 %
S2 0.380 -2.22 %
S3 0.376 -3.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.399 2.65 %
R2 0.391 0.463 %
R1 0.390 0.309 %
Current price 0.389
Support S1 0.380 -2.24%
S2 0.370 -4.91%
S3 0.345 -11.24%

FAQ

What is the symbol for Tanzanian Royalty Exploration Corp. (US) Stock and on which exchange is it traded?
The symbol for Tanzanian Royalty Exploration Corp. (US) is TRX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tanzanian Royalty Exploration Corp. (US) Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tanzanian Royalty Exploration Corp. (US) stock to perform well in the short-term.

How to buy Tanzanian Royalty Exploration Corp. (US) Stock?
Tanzanian Royalty Exploration Corp. (US) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tanzanian Royalty Exploration Corp. (US) Stock.

What's the current price of Tanzanian Royalty Exploration Corp. (US) Stock?
As of the end of day on the 2024-03-28, the price of an Tanzanian Royalty Exploration Corp. (US) (TRX) share was $0.389.

What is the 52-week high and low for Tanzanian Royalty Exploration Corp. (US) Stock?
The 52-week high for Tanzanian Royalty Exploration Corp. (US) Stock is $0.597 and the 52-week low is $0.315.

What is the market capitalization of Tanzanian Royalty Exploration Corp. (US) Stock?
As of the 2024-03-28, the market capitalization of Tanzanian Royalty Exploration Corp. (US) is 108.483M.

When is the next earnings date for Tanzanian Royalty Exploration Corp. (US)?
The upcoming earnings date for Tanzanian Royalty Exploration Corp. (US) is Apr 11, 2024.
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About Tanzanian Royalty Exploration Corp. (US)

Tanzanian Royalty Exploration . (US) TRX Gold Corporation engages in the acquisition, financing, exploration, and development of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project located in north-central Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. TRX Gold Corporation was incorporated in 19... TRX Profile

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