TECOGEN INC/WALTHAM MA (TGEN) Stock Technical Analysis
USA - NYSEARCA:TGEN - US87876P2011 - Common Stock
Overall TGEN gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TGEN is a bad performer.
Although the technical rating is only medium, TGEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.57, a Stop Loss order could be placed below this zone.
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7.45
3 important support areas can be observed.
- A support zone ranging from 8.42 to 8.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.85 from a horizontal line in the daily time frame.
- Support @7.53 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.99 to 9.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TGEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGEN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TGEN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TGEN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGEN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.3 | NEUTRAL | The RSI value for TGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TGEN has a positive trend. |
| Stochastics (14,3) | 42.13 | NEUTRAL | The Stochastics value for TGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.54 | HIGH VOLATILITY | The high ATR as a percentage value for TGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.28 | NEUTRAL | The ADX value for TGEN suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.00 | 8.41 | 1.59 (15.90%) | 6.29% |
| An entry @10.00. This is a Buy Stop order right above the resistance zone. | An exit @8.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.59 points, which is 15.90%. | For a 1.00% total portfolio risk, you can invest 6.29% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TGEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.73
-0.25 (-2.51%)
TECOGEN INC/WALTHAM MA / TGEN FAQ
What is the technical rating for TGEN stock?
ChartMill assigns a technical rating of 6 / 10 to TGEN.
Can you provide the trend direction for TECOGEN INC/WALTHAM MA?
The current trend direction for TECOGEN INC/WALTHAM MA (TGEN) is Bullish.
What is the RSI signal for TGEN stock?
TECOGEN INC/WALTHAM MA (TGEN) has an RSI value of 55.2987. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TECOGEN INC/WALTHAM MA?
The MACD indicator for TECOGEN INC/WALTHAM MA (TGEN) has a value of 0.0309992, indicating a bearish trend.
What is the short term momentum for TGEN stock?
The short term momentum for TECOGEN INC/WALTHAM MA (TGEN) is positive.