TECNOGLASS INC (TGLS) Technical Analysis
NYSE:TGLS • KYG872641009
Current stock price
TGLS Technical Rating and Analysis
We assign a technical rating of 0 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 88% of all other stocks performed better in the past year than TGLS.
- TGLS is part of the Building Products industry. There are 42 other stocks in this industry, of which 68% are performing better than TGLS.
- TGLS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGLS is lagging the market.
- In the last month TGLS has a been trading in the 39.53 - 45.89 range, which is quite wide. It is currently trading near the high of this range.
TGLS Weekly and Daily overview Charts
TGLS Setup Rating and Analysis
TGLS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
TGLS Support and Resistance Analysis
43.34
4 important resistance areas can be observed.
- Resistance @45.00 from a horizontal line in the daily time frame.
- Resistance @46.02 from a trend line in the daily time frame.
- A resistance zone ranging from 46.96 to 47.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.49 from a horizontal line in the daily time frame.
TGLS Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for TGLS is neutral. |
| ChartMill Relative Strength | 12.55 | NEGATIVE | TGLS has a low relative strength, it was outperformed by 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TGLS is above 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) | 47.13 | NEUTRAL | The RSI value for TGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests TGLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.89 | NEUTRAL | The Stochastics value for TGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for TGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 32.76 | POSITIVE | The high ADX value value for TGLS suggests a strong trend. |
TGLS Chart- and CandleStick Pattern Analysis
TGLS Technicals: Chart, Performance Metrics, Trend & Indicators
43.78
-1.21 (-2.69%)
TECNOGLASS INC / TGLS TA FAQ
What is the technical rating for TGLS stock?
ChartMill assigns a technical rating of 0 / 10 to TGLS.
What is the current trend direction of TECNOGLASS INC (TGLS) stock?
The current trend direction for TECNOGLASS INC (TGLS) is Bearish.
Can you provide the RSI signal for TECNOGLASS INC?
TECNOGLASS INC (TGLS) has an RSI value of 47.1261. This indicates that the stock is currently neutral.
What is the short term momentum for TGLS stock?
The short term momentum for TECNOGLASS INC (TGLS) is neutral.
Can you provide the support and resistance levels for TECNOGLASS INC?
TECNOGLASS INC (TGLS) has a resistance level at 45. Check the full technical report for our detailed analysis of TGLS support and resistance levels.