TRANSPORTADOR GAS-ADR SP B (TGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TGS - US8938702045 - ADR
We assign a technical rating of 9 out of 10 to TGS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TGS is showing a nice and steady performance.
Besides having an excellent technical rating, TGS also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for TGS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.55
We found 2 important support areas.
- A support zone ranging from 29.18 to 29.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.77 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @31.33 from a trend line in the daily time frame.
- Resistance @31.88 from a horizontal line 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 | UP | POSITIVE | The long term trend for TGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGS is up. |
| ChartMill Relative Strength | 80.61 | POSITIVE | TGS has a high relative strength, it outperformed 80.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.93 | NEUTRAL | The RSI value for TGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TGS has a negative trend. |
| Stochastics (14,3) | 75.88 | NEUTRAL | The Stochastics value for TGS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for TGS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.59 | POSITIVE | The high ADX value value for TGS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.34 | 29.17 | 2.17 (6.92%) | 14.44% |
| An entry @31.34. This is a Buy Stop order right above the resistance zone. | An exit @29.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.17 points, which is 6.92%. | For a 1.00% total portfolio risk, you can invest 14.44% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
31.32
-0.36 (-1.14%)
TRANSPORTADOR GAS-ADR SP B / TGS FAQ
What is the technical rating for TGS stock?
ChartMill assigns a technical rating of 9 / 10 to TGS.
Can you provide the trend direction for TRANSPORTADOR GAS-ADR SP B?
The current trend direction for TRANSPORTADOR GAS-ADR SP B (TGS) is Bullish.
What is the RSI signal for TGS stock?
TRANSPORTADOR GAS-ADR SP B (TGS) has an RSI value of 59.9291. This indicates that the stock is currently neutral.
What is the short term momentum for TRANSPORTADOR GAS-ADR SP B (TGS) stock?
The short term momentum for TRANSPORTADOR GAS-ADR SP B (TGS) is positive.
What are the support and resistance levels for TRANSPORTADOR GAS-ADR SP B (TGS) stock?
TRANSPORTADOR GAS-ADR SP B (TGS) has a support level at 29.42 and a resistance level at 31.33. Check the full technical report for our detailed analysis of TGS support and resistance levels.