TECNOGLASS INC (TGLS) Stock Technical Analysis
USA - NYSE:TGLS - KYG872641009 - Common Stock
Taking everything into account, TGLS scores 0 out of 10 in our technical rating. 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.
The technical rating of TGLS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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44.49
2 important resistance areas can be observed.
- A resistance zone ranging from 54.77 to 55.06. 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 74.25 to 75.37. This zone is formed by a combination of multiple trend lines 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 | 7.01 | NEGATIVE | TGLS has a low relative strength, it was outperformed by 92.99% off all stocks 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) | 15.06 | OVERSOLD | The low RSI value suggests TGLS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.05 | NEGATIVE | The MACD value suggests TGLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.56 | OVERSOLD | The low Stochastics value suggests TGLS may be oversold. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for TGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 58.2 | POSITIVE | The high ADX value value for TGLS suggests a strong trend. |
44.94
+0.03 (+0.07%)
TECNOGLASS INC / TGLS FAQ
What is the technical rating for TGLS stock?
ChartMill assigns a technical rating of 0 / 10 to TGLS.
Can you provide the trend direction for TECNOGLASS INC?
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 15.0615. This indicates that the stock is currently oversold.
What is the buy/sell signal for TGLS stock?
The buy/sell signal for TECNOGLASS INC (TGLS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TECNOGLASS INC?
TECNOGLASS INC (TGLS) has a resistance level at 54.77. Check the full technical report for our detailed analysis of TGLS support and resistance levels.