Tengasco Inc (TGC) Stock Technical Analysis
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.
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 short term is neutral, but the long term trend is still positive. Not much to worry about 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. On top of that, TGC also shows a nice and consistent pattern of rising prices.
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 currently trading near new highs, so TGC is lagging the market.
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
0.87
4.57
When analyzing the support we can see 2 important areas.
- Support @1.43 from a trend line in the daily time frame.
- Support @0.88 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.52 from a trend line in the daily time frame.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.47
-1.23 (-33.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-33.24%
1 Week-40.19%
2 Weeks-29.23%
1 Month-40.05%
3 Month120.95%
6 Month139.83%
12 Month292.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%36.18%
ATR Inc25.26%
Range Today0.59
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.19
Mansfield12.35
10 Day High5.08
10 Day Low2.36
20 Day High5.15
20 Day Low1.89
52 Week High6.6
52 Week Low0.37
CS1 End1.43
CR1 Start4.52
Volume & EV
DER(3)2.25%
DER(5)3.96%
Volume3.19M
Volume Incr-22.77%
Vol(5)4.74M
Vol(50)3.34M