Stock Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
TransGlobe Energy Corporation - Common Shares (NASDAQ:TGA)
Countertrend Down (-85) - TGA is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for TGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TGA
The long-term trend has been DOWN since Jul 5th, 2022 at 3.230
The intermediate-term trend has been DOWN since Aug 5th, 2022 at 2.970
The short-term trend has been UP since Aug 9th, 2022 at 3.245
Smart Scan Analysis for TGA
Based on our trend formula, TGA is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||4.13||Year High Date||2018-07-13|
|Year Low||1.2049||Year Low Date||2018-03-02|
|52wk High||5.5||52wk High Date||2022-06-08|
|52wk Low||1.4715||52wk Low Date||2021-08-20|
|Year End Close||9.39||Average Volume||1,463,325|
|Shares Outstanding||72,205||Short Interest||240,951|
|% Institutional||85.9||Market Cap||107M|