A Significant Price Movement!Recent price movement action contributes to resulting in high volume. The price closed above the MA line indicating buying interest with TEXCHEM.
The MACD indicator indicates a positive signal, hence, confirming the price movement with volume.
A precaution with an RSI indicator where high moment
0.060 MYR
6.74 M MYR
1.12 B MYR
116.89 M
About TEXCHEM RESOURCES BHD
Sector
Industry
CEO
Yuma Konishi
Website
Headquarters
George Town
Founded
1973
ISIN
MYL8702OO002
FIGI
BBG000BG9RP5
Texchem Resources Bhd. is an investment holding company. It operates through the following segments: Industrial, Restaurant, Polymer Engineering, Food, Venture Business, and Others. The Industrial segment provides integrated sourcing and distribution solutions for polymer, plastic resins, industrial chemicals, food additives, dyestuff, and textile chemicals to global and domestic customers. The Polymer Engineering segment focuses on polymer engineering solutions backed by strong in-house technological and design capability. The Food segment offers processing and marketing of marine products as well as aquaculture activities. The Venture Business segment is involved in initiating and nurturing new businesses. The Others segment includes investment holding activities and the provision of intra-group management services. The company was founded by Fumihiko Konishi on August 29, 1973 and is headquartered in George Town, Malaysia.
Accumulated Phase!The candlestick downtrend has probability ended with a fresh buyer which results in volume cross above the MA line.
The MACD and RSI indicate a positive momentum with the price action.
Let's save TEXCHEM in WL and watch out for significant price action movement with a result in volume.
R 0.97
S 0
TEXCHEM - waiting to fish 🐟?Price still submerged inside the water (EMA line).
Don't catch red. Wait it finish the correction.
Patiently wait for the reverse signal.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading
TEXCHEMCup & handle structure.
-The base retraced 50% from ATH, (WON said 40-50% during bear market)
-Volume dry up in base
-Handle buildup has low volatility
-Handle around 50% of base with rejection lower base AVWAP
-FA checked!
Cons:
-Price below MA50 during basing period (7 weeks)
-Market may be upwar
#Texchem DTF - Fibonacci Strategy trading plan with Golden wave The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
TEXCHEM (12/11/2020) on weaknessIn the past 91 days, this stock has undergone huge selling pressure and down by -46%, and now is on Corrective Wave C to find a new lower low. With Stochastic in overbought zone, the stock could continue in downtrend to find a new support around 0.618 level (0.600). A strong support is at 0.565.
A
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of TEXCHEM is 0.830 MYR — it hasn't changed in the past 24 hours. Watch TEXCHEM RESOURCES BHD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on MYX exchange TEXCHEM RESOURCES BHD stocks are traded under the ticker TEXCHEM.
TEXCHEM stock has risen by 9.21% compared to the previous week, the month change is a 1.22% rise, over the last year TEXCHEM RESOURCES BHD has showed a −8.29% decrease.
We've gathered analysts' opinions on TEXCHEM RESOURCES BHD future price: according to them, TEXCHEM price has a max estimate of 1.58 MYR and a min estimate of 1.58 MYR. Watch TEXCHEM chart and read a more detailed TEXCHEM RESOURCES BHD stock forecast: see what analysts think of TEXCHEM RESOURCES BHD and suggest that you do with its stocks.
TEXCHEM reached its all-time high on Jun 8, 2022 with the price of 3.990 MYR, and its all-time low was 0.195 MYR and was reached on Mar 20, 2020. View more price dynamics on TEXCHEM chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
TEXCHEM stock is 0.00% volatile and has beta coefficient of 0.36. Track TEXCHEM RESOURCES BHD stock price on the chart and check out the list of the most volatile stocks — is TEXCHEM RESOURCES BHD there?
Today TEXCHEM RESOURCES BHD has the market capitalization of 97.19 M, it has decreased by −12.57% over the last week.
Yes, you can track TEXCHEM RESOURCES BHD financials in yearly and quarterly reports right on TradingView.
TEXCHEM net income for the last quarter is 5.98 M MYR, while the quarter before that showed 1.11 M MYR of net income which accounts for 439.01% change. Track more TEXCHEM RESOURCES BHD financial stats to get the full picture.
As of Apr 15, 2025, the company has 2.83 K employees. See our rating of the largest employees — is TEXCHEM RESOURCES BHD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. TEXCHEM RESOURCES BHD EBITDA is 82.92 M MYR, and current EBITDA margin is 7.79%. See more stats in TEXCHEM RESOURCES BHD financial statements.
Like other stocks, TEXCHEM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade TEXCHEM RESOURCES BHD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So TEXCHEM RESOURCES BHD technincal analysis shows the buy rating today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating TEXCHEM RESOURCES BHD stock shows the sell signal. See more of TEXCHEM RESOURCES BHD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.