TIGO ENERGY INC (TYGO) Technical Analysis
NASDAQ:TYGO • US88675P1030
Current stock price
TYGO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TYGO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TYGO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TYGO did better than 99% of all other stocks. On top of that, TYGO also shows a nice and consistent pattern of rising prices.
- TYGO is one of the better performing stocks in the Electrical Equipment industry, it outperforms 93% of 92 stocks in the same industry.
- TYGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TYGO has a been trading in the 3.35 - 5.19 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TYGO Weekly and Daily overview Charts
TYGO Setup Rating and Analysis
Although TYGO has an excellent technical rating, it does not offer a high quality setup 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
TYGO Support and Resistance Analysis
3.61
We found 1 important support area.
- Support @3.65 from a trend line in the daily time frame.
TYGO Technical Indicator Signal Analysis
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 TYGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TYGO is up. |
| ChartMill Relative Strength | 99.05 | POSITIVE | TYGO has a high relative strength, it outperformed 99.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TYGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TYGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TYGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.02 | OVERBOUGHT | The high RSI value suggests TYGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TYGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.43 | OVERBOUGHT | The high Stochastics value suggests TYGO may be overbought. |
| Average True Range in percent/ATR (20) | 7.41 | HIGH VOLATILITY | The high ATR as a percentage value for TYGO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.04 | NEUTRAL | The ADX value for TYGO suggests a possible start of a new trend. |
TYGO Chart- and CandleStick Pattern Analysis
TYGO Technicals: Chart, Performance Metrics, Trend & Indicators
5
-0.01 (-0.2%)
TIGO ENERGY INC / TYGO TA FAQ
What is the technical rating for TYGO stock?
ChartMill assigns a technical rating of 10 / 10 to TYGO.
Can you provide the trend direction for TIGO ENERGY INC?
The current trend direction for TIGO ENERGY INC (TYGO) is Bullish.
What is the RSI signal for TIGO ENERGY INC (TYGO) stock?
TIGO ENERGY INC (TYGO) has an RSI value of 71.0216. This indicates that the stock is currently overbought.
Can you provide the short term momentum for TIGO ENERGY INC?
The short term momentum for TIGO ENERGY INC (TYGO) is positive.
What are the support and resistance levels for TIGO ENERGY INC (TYGO) stock?
TIGO ENERGY INC (TYGO) has a support level at 3.65. Check the full technical report for our detailed analysis of TYGO support and resistance levels.