TRANSPORTADOR GAS-ADR SP B (TGS) Stock Technical Analysis
NYSE:TGS • US8938702045
Overall TGS gets a technical rating of 4 out of 10. In the last year, TGS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- 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 57% of all stocks.
- TGS is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, TGS did better than 40% of them.
- TGS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGS is lagging the market.
- 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 only a medium 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 30.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.22, a Stop Loss order could be placed below this zone.
More info and screens
22.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.55 to 29.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.50 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 | UP | POSITIVE | The long term trend for TGS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGS is neutral. |
| ChartMill Relative Strength | 57.72 | 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) | 48.44 | NEUTRAL | The RSI value for TGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.29 | NEUTRAL | The Stochastics value for TGS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for TGS suggests high volalility. |
| Average Directional Index/ADX (14) | 13.57 | NEGATIVE | The low ADX value for TGS suggests a weak or negative trend. |
29.94
+0.27 (+0.91%)
TRANSPORTADOR GAS-ADR SP B / TGS FAQ
What is the technical rating for TGS stock?
ChartMill assigns a technical rating of 4 / 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 Bullish.
Can you provide the RSI signal for TRANSPORTADOR GAS-ADR SP B?
TRANSPORTADOR GAS-ADR SP B (TGS) has an RSI value of 48.4389. 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 29.22 and a resistance level at 30.5. Check the full technical report for our detailed analysis of TGS support and resistance levels.