TGS ASA (TGS.OL) Stock Technical Analysis
OSL:TGS - Euronext Oslo - NO0003078800 - Common Stock - Currency: NOK
Overall TGS gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TGS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, TGS is a bad performer in the overall market: 90% of all stocks are doing better.
TGS is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry, of which 80% 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 78.50 - 89.55 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is bad, TGS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 84.29, a Stop Loss order could be placed below this zone.
More info and screens
79.30
121.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 86.11 to 87.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.59 to 84.29. 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 80.10 to 80.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @89.05 from a horizontal line in the daily time frame.
- Resistance @109.94 from a trend line in the weekly time frame.
- Resistance @120.10 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 | UP | POSITIVE | The short term trend for TGS.OL is up. |
| ChartMill Relative Strength | 10.71 | NEGATIVE | TGS.OL has a low relative strength, it was outperformed by 89.29% 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 | MIXED | The current price of TGS.OL is above 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) | 56.92 | NEUTRAL | The RSI value for TGS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests TGS.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.78 | OVERBOUGHT | The high Stochastics value suggests TGS.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for TGS.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 8.75 | 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 (6/19/2025, 4:19:51 PM)
87.8
+0.55 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.63%
1 Week0.29%
2 Weeks7.45%
1 Month6.01%
3 Month-15.37%
6 Month-20.61%
12 Month-27.29%
2 Year-45.37%
3 Year-36.91%
5 Year-37.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.66
ATR(20)%2.84%
ATR Inc-3.85%
Range Today1.75
ADR(20)2.27
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.71
Mansfield-2.08
10 Day High89.55
10 Day Low82
20 Day High89.55
20 Day Low78.5
52 Week High140.6
52 Week Low70.95
CS1 End84.29
CR1 Start87.26
Volume & EV
DER(3)-0.48%
DER(5)-0.83%
Volume166.53K
Volume Incr-12.68%
Vol(5)365.81K
Vol(50)476.43K