Turquoise Hill Resources Ltd (TRQ): Price Now Near $17.75; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for TRQ

At the moment, TRQ (Get Ratings)’s price is up $0.01 (0.06%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as TRQ has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

TRQ’s Technical Outlook on the Daily Chart

Currently, TRQ’s price is down $-0.41 (-2.48%) from the day prior. TRQ has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Turquoise Hill Resources Ltd’s price action over the past 90 days can be seen via the chart below.

TRQ

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