Today TRX ranks # as BUY CANDIDATE.
Today TRX ranks # as BUY CANDIDATE.

TRX stock Tanzanian Royalty Exploration Corp. (US)

TRX stock
Tanzanian Royalty Exploration Corp. (US)

April 24, 2019
Change 2.28%
Chart period: 2019-01-25 - 2019-04-24





Will TRX stock price go up or down on Fri, 26 Apr 2019?

Tanzanian Royalty Exploration Corp. (US) Forecast and Stock Analysis

Technical TRX stock analysis for April 24, 2019.

Buy candidate since 2019-03-26 Gain 8.43%
Shorts 11.54% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.31
ROA n/a

Tanzanian Royalty Exploration Corp. (US) gained 2.28% in the last trading day, rising from $0.88 to $0.90 The price has risen in 6 of the last 10 days and is up by 17.49% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 103 314 more shares were traded than the day before. In total, 384 748 shares bought and sold for approximately $346 273.00.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TRX stock was $0.90. This is 2.28% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 7.14% from a day low at $0.84 to a day high of $0.90.

30 day high of the TRX stock price was $0.94 and low was $0.65.
90 day high was $0.94 and low was $0.37.
52 week high for the Tanzanian Royalty Exploration Corp. (US) - $0.94 and low - $0.25.


Tanzanian Royalty Exploration Corp. (US) lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 43.3% during the next 3 months and, with 90% probability hold a price between $1.05 and $1.49 at the end of this period.

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Tanzanian Royalty Exploration Corp. (US) holds buy signals from both short- and long-term moving averages. In addition, 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 $0.85 and $0.74. A break down below any of these levels will issue sell signals. Tanzanian Royalty Exploration Corp. (US) has rising 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 sales signal was issued from a pivot top point on Monday April 22, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.83 and $0.78.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tanzanian Royalty Exploration Corp. (US) finds support just below today's level at $0.83. If this is broken, then the next support from accumulated volume will be at $0.78 and $0.68.

Support: $0.83 Price: $0.90 Resistance: $0.90


This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 7.14%. For the last week, the stock has had a daily average volatility of 7.88%.

Our recommended stoploss: $0.86 (-4.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Today TRX ranks # as BUY CANDIDATE.
Today TRX ranks # as BUY CANDIDATE.