TECNOGLASS INC (TGLS) Stock Technical Analysis
NYSE:TGLS - KYG872641009 - Common Stock
72.58 USD
+0.01 (+0.01%)
75.3 USD
+2.72 (+3.75%)
Taking everything into account, TGLS scores 0 out of 10 in our technical rating. TGLS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
62% of all other stocks performed better in the past year than TGLS.
TGLS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
TGLS is part of the Building Products industry. There are 41 other stocks in this industry, TGLS did better than 52% of them.
TGLS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGLS is lagging the market.
TGLS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 73.17. Right above this resistance zone may be a good entry point.
More info and screens
60.88
87.12
When analyzing the support we can see 3 important areas.
- Support @70.56 from a trend line in the daily time frame.
- Support @64.76 from a horizontal line in the weekly time frame.
- Support @61.49 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- Resistance @73.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 74.97 to 75.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.66 from a trend line in the daily time frame.
- Resistance @83.06 from a horizontal line in the daily time frame.
- Resistance @86.26 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for TGLS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TGLS is down. |
| ChartMill Relative Strength | 38.37 | NEUTRAL | TGLS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TGLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.88 | NEUTRAL | The RSI value for TGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests TGLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.26 | NEUTRAL | The Stochastics value for TGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for TGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.91 | NEGATIVE | The low ADX value for TGLS suggests a weak or negative 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)
72.58
+0.01 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0.01%
1 Week-0.33%
2 Weeks-0.74%
1 Month-3.87%
3 Month-15.24%
6 Month-1.47%
12 Month17.12%
2 Year86.25%
3 Year233.24%
5 Year1217.24%
10 Year429.78%
15 YearN/A
Volatility
ATR(14)2.77
ATR(20)%3.94%
ATR Inc-58.63%
Range Today1.42
ADR(20)2.85
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.37
Mansfield-1.19
10 Day High74.57
10 Day Low67.68
20 Day High83.32
20 Day Low67.68
52 Week High90.34
52 Week Low58.24
CS1 End70.56
CR1 Start73.17
Volume & EV
DER(3)0.19%
DER(5)1.58%
Volume303.30K
Volume Incr-4.73%
Vol(5)436.18K
Vol(50)380.28K