GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torex Gold Resources Inc (TSX:TXG) » Definitions » 50-Day SMA

Torex Gold Resources (TSX:TXG) 50-Day SMA : C$29.21 (As of Dec. 12, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Torex Gold Resources 50-Day SMA?

Moving averages are one of the core indicators in technical analysis. A Simple Moving Average (SMA) is simply the arithmetic average of stock price over a period. It is calculated by adding a selected range of prices, usually closing prices, and then dividing that figure by the number of time periods in that range.

The 50-Day SMA calculates the average price over 50 days. And the 20-Day SMA and 200-Day SMA calculates the average price over 20 days and 200 days separately.

As of today (2024-12-12), Torex Gold Resources's 50-Day SMA is C$29.21. It's 20-Day SMA is C$29.49 and 200-Day SMA is C$23.36.


Competitive Comparison of Torex Gold Resources's 50-Day SMA

For the Gold subindustry, Torex Gold Resources's 50-Day SMA, along with its competitors' market caps and 50-Day SMA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Torex Gold Resources's 50-Day SMA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's 50-Day SMA distribution charts can be found below:

* The bar in red indicates where Torex Gold Resources's 50-Day SMA falls into.



Torex Gold Resources  (TSX:TXG) 50-Day SMA Calculation

The formula for calculating SMA is:

SMA=( P1 + P2 + ... + Pn ) / n

where:
Pn is the price of the stock at period n.
n is the total number of periods.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Torex Gold Resources  (TSX:TXG) 50-Day SMA Explanation

Simple Moving Average (SMA) is the arithmetic average of stock price over a period. The 20-Day SMA calculates the average price over 20 days. And the 50-Day SMA and 200-Day SMA calculates the average price over 50 days and 200 days separately. SMAs are often used to determine the price trend direction. A 200-Day SMA is usually a proxy for the long-term trend, while shorter periods indicate short-term trend.

SMA are commonly compared with stock price or different period SMAs to indicate a trading signal. Generally speaking, if the price goes above the SMA, or a short-term SMA crosses above a long-term SMA, an uptrend is expected, investors may want to go long or cover short. Conversely, if the price goes below the SMA, or the short-term SMA crosses below a long-term SMA, a downtrend is expected, investors may want to go short or exit long.

Two popular trading patterns that use SMA include the death cross and a golden cross. A death cross occurs when the 50-day SMA crosses below the 200-day SMA. This is considered a bearish signal, that further losses are in store. The golden cross is a bullish signal which occurs when a short-term SMA crosses above a long-term SMA.


Torex Gold Resources 50-Day SMA Related Terms

Thank you for viewing the detailed overview of Torex Gold Resources's 50-Day SMA provided by GuruFocus.com. Please click on the following links to see related term pages.


Torex Gold Resources Business Description

Address
130 King Street West, Suite 740, Exchange Tower, Toronto, ON, CAN, M5X 2A2
Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.
Executives
Caroline Donally Director
Rodrigo Sandoval Navarro Director
David Stefanuto Senior Officer
Faysal Abhem Rodriguez Valenzuela Senior Officer
Jay C. Kellerman Director
Jennifer Jeene Hooper Director
Daniel James Thomas Rollins Senior Officer
Angela Mary Robson Senior Officer
Jody Lynne Mary Kuzenko Senior Officer
Rosalie C. Moore Director
Roy Stephen Slack Director
Richard Allan Howes Director
Andrew Peter Snowden Senior Officer
Robin Anne Bienenstock Director
Harold Bernard Loyer Director or Senior Officer of 10% Security Holder