TRANSPORTADOR GAS-ADR SP B (TGS) Stock Technical Analysis
NYSE:TGS • US8938702045
We assign a technical rating of 3 out of 10 to TGS. In the last year, TGS was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- TGS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TGS is lagging the market slightly.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, TGS turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- TGS is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 206 stocks in the same industry.
- In the last month TGS has a been trading in the 27.74 - 34.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TGS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
22.07
We found 2 important support areas.
- A support zone ranging from 28.55 to 29.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.29 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.61 to 31.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.81 to 31.89. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for TGS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGS is neutral. |
| ChartMill Relative Strength | 55.73 | NEUTRAL | TGS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGS is below a declining 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) | 51.54 | NEUTRAL | The RSI value for TGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.56 | NEUTRAL | The Stochastics value for TGS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for TGS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.43 | NEGATIVE | The low ADX value for TGS suggests a weak or negative trend. |
30.51
+0.08 (+0.26%)
TRANSPORTADOR GAS-ADR SP B / TGS FAQ
What is the technical rating for TGS stock?
ChartMill assigns a technical rating of 3 / 10 to TGS.
What is the current trend direction of TRANSPORTADOR GAS-ADR SP B (TGS) stock?
The current trend direction for TRANSPORTADOR GAS-ADR SP B (TGS) is Bearish.
Can you provide the RSI signal for TRANSPORTADOR GAS-ADR SP B?
TRANSPORTADOR GAS-ADR SP B (TGS) has an RSI value of 51.5398. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TRANSPORTADOR GAS-ADR SP B?
TRANSPORTADOR GAS-ADR SP B (TGS) has a support level at 29.04 and a resistance level at 30.61. Check the full technical report for our detailed analysis of TGS support and resistance levels.