Transportadora De Gas Sa Ord B Stock Forecast
Transportadora De Gas Sa Ord B stock price ended at $19.20 on Friday, after gaining 3.78%.
(Updated on May 03, 2024)
The Transportadora De Gas Sa Ord B stock price gained 3.78% on the last trading day (Friday, 3rd May 2024), rising from $18.50 to $19.20. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 8.62% from a day low at $18.27 to a day high of $19.85. The price has risen in 8 of the last 10 days and is up by 20.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 138 thousand more shares were traded than the day before. In total, 281 thousand shares were bought and sold for approximately $5.40 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.90% during the next 3 months and, with a 90% probability hold a price between $20.37 and $27.05 at the end of this 3-month period.
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TGS Signals & Forecast
Mostly positive signals in the chart today. The Transportadora De Gas Sa Ord B stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.68 and $16.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 23.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Transportadora De Gas Sa Ord B stock
Transportadora De Gas Sa Ord B finds support from accumulated volume at $18.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.58 between high and low, or 8.62%. For the last week, the stock has had daily average volatility of 6.43%.
Since the Transportadora De Gas Sa Ord B has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $18.55 (-3.38%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TGS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Transportadora De Gas Sa Ord B to open at $19.11, and during the day (based on 14 day Average True Range), to move between $18.22 and $20.18, which gives a possible trading interval of +/-$0.98 (+/-5.10%) up or down from last closing price. If Transportadora De Gas Sa Ord B takes out the full calculated possible swing range there will be an estimated 10.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.55, some $0.650 (3.39%) from the current price of $19.20, our system finds the risk reward attractive.
Earnings coming up
Transportadora De Gas Sa Ord B will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.310. We will update the financials statements for Transportadora De Gas Sa Ord B, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.60% in the first trading day after earnings release.
Is Transportadora De Gas Sa Ord B stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transportadora De Gas Sa Ord B stock to perform well in the short-term.
Current score: 4.712 Buy Candidate Unchanged
Predicted Opening Price for Transportadora De Gas Sa Ord B of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $19.11 ( 0.478%) | $19.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.68 | 7.73 % | |
| R2 | 20.08 | 4.59 % | ||
| R1 | 19.71 | 2.66 % | ||
| Current price: | 19.20 | |||
| Support | S1 | 18.51 | -3.61 % | |
| S2 | 18.13 | -5.55 % | ||
| S3 | 17.53 | -8.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.20 | |||
| Support | S1 | 18.55 | -3.39% | |
| S2 | 17.09 | -10.99% | ||
| S3 | 14.80 | -22.92% |
TGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2019 | Apr 18, 2019 | Apr 30, 2019 | $1.08 | 11.00% |
| 2 | Sep 07, 2018 | Sep 18, 2018 | Sep 19, 2018 | $0.273 | 1.74% |
| 3 | Aug 09, 2018 | Aug 20, 2018 | Aug 21, 2018 | $0.278 | 2.17% |
| 4 | Jul 13, 2018 | Jul 13, 2018 | Jul 13, 2018 | $0.206 | 1.52% |
| 5 | Jan 15, 2016 | Jan 21, 2016 | Jan 25, 2016 | $0.0470 | 0.88% |
FAQ
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