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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Red day on Monday for Tanzanian Royalty Exploration Corp. (US)
(Updated on Mar 18, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 12.82% PDF

The Tanzanian Royalty Exploration Corp. (US) stock price fell by -0.154% on the last day (Monday, 18th Mar 2024) from $0.391 to $0.390. During the last trading day the stock fluctuated 3.75% from a day low at $0.381 to a day high of $0.396. The price has fallen in 5 of the last 10 days but is still up by 11.75% over the past 2 weeks. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 192 thousand shares were bought and sold for approximately $74.79 thousand.

The stock lies the upper part of a very wide and falling 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 $0.398 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.30% during the next 3 months and, with a 90% probability hold a price between $0.292 and $0.377 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TRX Signals & Forecast

The Tanzanian Royalty Exploration Corp. (US) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.392. On a fall, the stock will find some support from the long-term average at approximately $0.347. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -2.28%. Further fall is indicated until a new bottom pivot has been found. Tanzanian Royalty Exploration Corp. (US) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

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 may move much during the 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 $0.0143 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 4.48%.

Our recommended stop-loss: $0.377 (-3.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (TRX) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Tanzanian Royalty Exploration Corp. (US) to open at $0.389, and during the day (based on 14 day Average True Range), to move between $0.373 and $0.407, which gives a possible trading interval of +/-$0.0171 (+/-4.38%) 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 8.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.397 (1.80%) than the support at $0.380 (2.54%), 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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.194 Buy Candidate Unchanged

Predicted Opening Price for Tanzanian Royalty Exploration Corp. (US) of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$0.389 ( 0.248%) $0.390

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 0.403 3.42 %
R2 0.398 2.02 %
R1 0.394 1.15 %
Current price: 0.390
Support S1 0.383 -1.65 %
S2 0.380 -2.51 %
S3 0.375 -3.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.399 2.33 %
R2 0.398 1.95 %
R1 0.397 1.80 %
Current price 0.390
Support S1 0.380 -2.54%
S2 0.370 -5.21%
S3 0.345 -11.52%

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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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 2024-03-18, the price of an Tanzanian Royalty Exploration Corp. (US) (TRX) share was $0.390.

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 2024-03-18, the market capitalization of Tanzanian Royalty Exploration Corp. (US) is 108.818M.

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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