What does Average Directional Index Predict about Turquoise Hill Resources Ltd. (NYSE:TRQ)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Turquoise Hill Resources Ltd. (NYSE:TRQ) for the period of 9-Day stands at 20.88% while the stochastic %D for the same period stands at 34.96%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Turquoise Hill Resources Ltd. (NYSE:TRQ) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Turquoise Hill Resources Ltd. (NYSE:TRQ) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Turquoise Hill Resources Ltd. (NYSE:TRQ)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Turquoise Hill Resources Ltd. is a mining company focused on copper, gold and coal mines in the Asia Pacific region. The company holds interest in OyuTolgoi, a copper-gold project located in the south Gobi region of Mongolia. It also holds interests in companies that mine coal in Mongolia, molybdenum and rhenium in Australia, and gold at the Kyzyl Gold Project in Kazakhstan. Turquoise Hill Resources Ltd., formerly known as Ivanhoe Mines Ltd., is based in Vancouver, Canada.

Previous Day Activity Analysis

On the last trading day, Turquoise Hill Resources Ltd. (NYSE:TRQ) opened the session at $3.07 and after going down -1.95% closed at $3.02. The stock lost -0.05 points in the last trade.

Turquoise Hill Resources Ltd. (NYSE:TRQ)’s stock fluctuated in the range of $3.01 and $3.10 during the previous active session. Turquoise Hill Resources Ltd. (NYSE:TRQ) traded with the volume of 2.03 Million with average volume of 3.05 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0.4 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.08 and 38.59 respectively.

Currently the Insider Ownership of the shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) is at 49.5% and the shares outstanding are 2.01 Billion.

Important Ratio Analysis

Some important ratios to consider here for Turquoise Hill Resources Ltd. (NYSE:TRQ) are discussed below:

Price to Earnings P/E ratio stands at 27.21 while Forward P/E shows the value of 0.

The PEG ratio (Price to Earning to Growth) emits the value of 13.6. The Price to Sale P/S and Price to Book P/B shows the value of 6.64 and 0.69 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4.08 and 0 correspondingly.

The Quick Ratio of Turquoise Hill Resources Ltd. (NYSE:TRQ) stands at 6.4 while the Current Ratio depicts the value of 6.9.

Return on Assets ROA of Turquoise Hill Resources Ltd. (NYSE:TRQ) is at 1.8% whereas, Return on Equity ROE and Return of Investment ROI of Turquoise Hill Resources Ltd. (NYSE:TRQ) stand at 2.5% and 1% respectively.

Stock Performance Analysis

The stock performance of Turquoise Hill Resources Ltd. (NYSE:TRQ) on the basis of 5 day trade show the dip of -4.73% whereas, the monthly performance of the stock shows decrease of -10.12%.

The quarterly performance of the stock remained in red zone with the value of -4.13% while six month performance of the shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) remained bullish with the count of 12.27%.

The yearly and YTD performance of Turquoise Hill Resources Ltd. (NYSE:TRQ) remained down at -12.46% and -6.5% respectively.