TGLS Technical Analysis - TECNOGLASS INC

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, TGLS is a bad performer in the overall market: 80% of all stocks are doing better.

In the last month TGLS has a been trading in the 68.49 - 74.02 range, which is quite wide. It is currently trading near the lows of this range.

TGLS is part of the Building Products industry. There are 41 other stocks in this industry, TGLS did better than 47% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TECNOGLASS INC / TGLS Weekly stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

64.11

87.12

When analyzing the support we notice one important area.

Support @64.76 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 69.79 to 71.28. 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 73.05 to 74.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @79.80 from a trend line in the daily time frame.
Resistance @86.26 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for TGLS is down.
ChartMill Relative Strength	20.94	NEGATIVE	TGLS has a low relative strength, it was outperformed by 79.06% 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)	40.19	NEUTRAL	The RSI value for TGLS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests TGLS has a negative trend.
Stochastics (14,3)	19.29	OVERSOLD	The low Stochastics value suggests TGLS may be oversold.
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)	15.51	NEGATIVE	The low ADX value for TGLS suggests a weak or negative trend.