NYSEARCA:TGC - NYSE Arca -
We assign a technical rating of 9 out of 10 to TGC. 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.
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.
0.87
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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. |
2.47
-1.23 (-33.24%)