NYSE:TGLS • KYG872641009
We assign a technical rating of 1 out of 10 to TGLS. TGLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TGLS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.99, a Stop Loss order could be placed below this zone.
44.45
When analyzing the support we can see 3 important areas.
We found 1 important resistance area.
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 | 21.56 | NEGATIVE | TGLS has a low relative strength, it was outperformed by 78.44% 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) | UP | MIXED | The current price of TGLS is below the rising 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) | 48.42 | NEUTRAL | The RSI value for TGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TGLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.19 | NEUTRAL | The Stochastics value for TGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for TGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for TGLS suggests a weak or negative trend. |
51.26
-0.37 (-0.72%)
ChartMill assigns a technical rating of 1 / 10 to TGLS.
The current trend direction for TECNOGLASS INC (TGLS) is Bearish.
TECNOGLASS INC (TGLS) has an RSI value of 48.4169. This indicates that the stock is currently neutral.
The short term momentum for TECNOGLASS INC (TGLS) is neutral.