TECNOGLASS INC (TGLS)
KYG872641009 - Common Stock
Overall TGLS gets a technical rating of 8 out of 10. In the last year, TGLS was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, TGLS did better than 84% of all other stocks.
TGLS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TGLS is lagging the market slightly.
TGLS is part of the Building Products industry. There are 43 other stocks in this industry, TGLS did better than 57% of them.
In the last month TGLS has a been trading in the 48.00 - 59.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
TGLS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 53.27, a Stop Loss order could be placed below this zone.
More info and screens
38.60
59.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 51.59 to 53.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.37 to 50.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @42.52 from a horizontal line in the daily time frame.
- Support @38.99 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 54.62 to 54.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @59.01 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.63
Mansfield1.01
10 Day High56.49
10 Day Low48
20 Day High59.08
20 Day Low48
52 Week High59.76
52 Week Low28.21
Performance
1 Week-3.27%
2 Weeks-5.86%
1 Month-9.2%
3 Month23.28%
6 Month49.4%
12 Month21.26%
2 Year148.46%
3 Year142.47%
5 Year643.65%
10 Year393.7%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.52
RSI(14)48.6
LBB50.71
UBB57.25
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 |
|---|---|---|---|
| 54.83 | 51.58 | 3.25 (5.93%) | 16.87% |
| An entry @54.83. This is a Buy Stop order right above the resistance zone. | An exit @51.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.25 points, which is 5.93%. | When investing 16.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TGLS. 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.
TECNOGLASS INC
NYSE:TGLS (5/13/2024, 7:04:01 PM)
After market: 53.32 0 (0%)53.32
+0.79 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg1.5%
1 Week-3.27%
2 Weeks-5.86%
1 Month-9.2%
3 Month23.28%
6 Month49.4%
12 Month21.26%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.3
ATR(20)%4.31%
ATR Inc
Range Today2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High56.49
10 Day Low48
20 Day High59.08
20 Day Low48
52 Week High59.76
52 Week Low28.21
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume267.60K
Volume Incr67.77%
Vol(5)592.18K
Vol(50)393.02K