TGS ASA (TGS.OL) Stock Technical Analysis
OSL:TGS - Euronext Oslo - NO0003078800 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to TGS. TGS'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, TGS is a bad performer in the overall market: 93% of all stocks are doing better.
TGS is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry, of which 82% are performing better than TGS.
TGS 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 TGS is lagging the market.
In the last month TGS has a been trading in the 75.70 - 88.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TGS has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
73.26
122.43
2 important support areas can be observed.
- A support zone ranging from 80.75 to 82.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.00 to 74.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 84.91 to 87.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @89.37 from a trend line in the daily time frame.
- Resistance @111.69 from a trend line in the weekly time frame.
- Resistance @117.38 from a trend line in the daily time frame.
- Resistance @121.22 from a trend line in the weekly 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 TGS.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGS.OL is neutral. |
| ChartMill Relative Strength | 7.14 | NEGATIVE | TGS.OL has a low relative strength, it was outperformed by 92.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGS.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGS.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TGS.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for TGS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests TGS.OL has a positive trend. |
| Stochastics (14,3) | 56.2 | NEUTRAL | The Stochastics value for TGS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for TGS.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.77 | NEGATIVE | The low ADX value for TGS.OL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OSL:TGS (5/28/2025, 7:00:00 PM)
84.9
+1.5 (+1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.8%
1 Week3.6%
2 Weeks-2.08%
1 Month11.71%
3 Month-21.46%
6 Month-21.39%
12 Month-38.03%
2 Year-44.4%
3 Year-45.44%
5 Year-38.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.61
ATR(20)%2.92%
ATR Inc-14.68%
Range Today2.3
ADR(20)2.31
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.14
Mansfield-2.27
10 Day High86.65
10 Day Low78.5
20 Day High88
20 Day Low75.7
52 Week High140.6
52 Week Low70.95
CS1 End82.61
CR1 Start84.91
Volume & EV
DER(3)3.54%
DER(5)1.51%
Volume240.14K
Volume Incr-38.19%
Vol(5)260.20K
Vol(50)449.42K