Tengasco Inc (TGC) Technical Analysis
NYSEARCA:TGC
Current stock price
TGC Technical Rating and Analysis
Overall TGC gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TGC has a been trading in the 1.89 - 5.15 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that TGC is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by TGC over the past year are nicely spread over this period.
- TGC has an average volume of 3343990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TGC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGC is lagging the market slightly.
TGC Weekly and Daily overview Charts
TGC Setup Rating and Analysis
Although TGC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
TGC Support and Resistance Analysis
0.87
2 important support areas can be observed.
- Support @1.43 from a trend line in the daily time frame.
- Support @0.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.52 from a trend line in the daily time frame.
TGC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TGC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGC is neutral. |
| ChartMill Relative Strength | 97.19 | POSITIVE | TGC has a high relative strength, it outperformed 97.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.32 | NEUTRAL | The RSI value for TGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TGC has a negative trend. |
| Stochastics (14,3) | 43.05 | NEUTRAL | The Stochastics value for TGC is a neutral value. |
| Average True Range in percent/ATR (20) | 36.18 | HIGH VOLATILITY | The high ATR as a percentage value for TGC suggests high volalility. |
TGC Chart- and CandleStick Pattern Analysis
TGC Technicals: Chart, Performance Metrics, Trend & Indicators
2.47
-1.23 (-33.24%)
Tengasco Inc / TGC TA FAQ
What is the ChartMill technical rating of Tengasco Inc (TGC) stock?
ChartMill assigns a technical rating of 8 / 10 to TGC.
What is the trend direction for TGC stock?
The current trend direction for Tengasco Inc (TGC) is Bullish.
Can you provide the RSI signal for Tengasco Inc?
Tengasco Inc (TGC) has an RSI value of 46.32. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Tengasco Inc?
Tengasco Inc (TGC) has a support level at 1.43 and a resistance level at 4.52. Check the full technical report for our detailed analysis of TGC support and resistance levels.