TECNOGLASS INC (TGLS) Stock Technical Analysis
NYSE:TGLS - New York Stock Exchange, Inc. - KYG872641009 - Common Stock - Currency: USD
Taking everything into account, TGLS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TGLS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TGLS is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by TGLS over the past year are nicely spread over this period.
TGLS is one of the better performing stocks in the Building Products industry, it outperforms 95% of 42 stocks in the same industry.
TGLS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TGLS is performing more or less in line with the market.
TGLS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, TGLS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
56.67
88.38
We found 5 important support areas.
- A support zone ranging from 84.12 to 84.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 75.69 to 76.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @68.53 from a trend line in the weekly time frame.
- Support @63.50 from a trend line in the daily time frame.
- Support @57.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 85.54 to 87.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 TGLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGLS is up. |
| ChartMill Relative Strength | 93.91 | POSITIVE | TGLS has a high relative strength, it outperformed 93.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.22 | NEUTRAL | The RSI value for TGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TGLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.44 | NEUTRAL | The Stochastics value for TGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.57 | NEUTRAL | The ADX value for TGLS suggests a possible start of a new trend. |
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)
84.13
-0.58 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.68%
1 Week-2.39%
2 Weeks1.94%
1 Month16.33%
3 Month21.5%
6 Month6.04%
12 Month50.37%
2 Year120.24%
3 Year292.03%
5 Year1613.44%
10 Year609.96%
15 YearN/A
Volatility
ATR(14)3.29
ATR(20)%3.5%
ATR Inc-36.16%
Range Today2.84
ADR(20)2.56
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.91
Mansfield2.1
10 Day High89.36
10 Day Low80.29
20 Day High89.36
20 Day Low68.79
52 Week High89.36
52 Week Low40.94
CS1 End84.12
CR1 Start85.54
Volume & EV
DER(3)0.83%
DER(5)0.61%
Volume314.30K
Volume Incr-19.45%
Vol(5)332.28K
Vol(50)422.39K