TECNOGLASS INC (TGLS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TGLS - KYG872641009 - Common Stock
We assign a technical rating of 1 out of 10 to TGLS. 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.
Although the technical rating is bad, TGLS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
44.45
We found 1 important support area.
- A support zone ranging from 44.90 to 45.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 50.85 to 52.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 53.22 to 53.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.25 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 | 12.41 | NEGATIVE | TGLS has a low relative strength, it was outperformed by 87.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TGLS is below the rising 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) | 43.13 | NEUTRAL | The RSI value for TGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TGLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.82 | NEUTRAL | The Stochastics value for TGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for TGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.78 | NEGATIVE | The low ADX value for TGLS suggests a weak or negative trend. |
50.32
-1.23 (-2.39%)
TECNOGLASS INC / TGLS FAQ
What is the technical rating for TGLS stock?
ChartMill assigns a technical rating of 1 / 10 to TGLS.
What is the current trend direction of TECNOGLASS INC (TGLS) stock?
The current trend direction for TECNOGLASS INC (TGLS) is Bearish.
What is the RSI signal for TECNOGLASS INC (TGLS) stock?
TECNOGLASS INC (TGLS) has an RSI value of 43.1336. This indicates that the stock is currently neutral.
What is the short term momentum for TECNOGLASS INC (TGLS) stock?
The short term momentum for TECNOGLASS INC (TGLS) is negative.
What is the buy/sell signal for TECNOGLASS INC (TGLS) stock?
The buy/sell signal for TECNOGLASS INC (TGLS) is sell as both the short term and long term trends are negative.