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$32.82 (5.09%)

Volume: 511k

Closed: Dec 07, 2021

Hollow Logo Score: 5.878

Tecnoglass Inc. Stock Forecast

$32.82 (5.09%)

Volume: 511k

Closed: Dec 07, 2021

Score Hollow Logo 5.878
Which way will TGLS go? Request
Stop-loss: $31.39 (-4.36%)
Key Stats
Beta 0.89
Trailing Dividend Rate 0.35% ($0.11)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 52 and the stock is currently not being overbought or oversold

A very strong day for Tecnoglass Inc. stock price on Tuesday
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-10-06 Gain 39.54%

The Tecnoglass Inc. stock price gained 5.09% on the last trading day (Tuesday, 7th Dec 2021), rising from $31.23 to $32.82. During the day the stock fluctuated 7.95% from a day low at $31.57 to a day high of $34.08. The price has fallen in 7 of the last 10 days and is down by -2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 129 thousand more shares were traded than the day before. In total, 511 thousand shares were bought and sold for approximately $16.78 million.

The stock lies in the middle of a 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 62.79% during the next 3 months and, with a 90% probability hold a price between $50.68 and $58.07 at the end of this 3-month period.

Signals & Forecast

The Tecnoglass Inc. 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 $31.53 and $30.61. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, November 22, 2021, and so far it has fallen -2.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $30.78 and $28.79. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tecnoglass Inc. finds support just below today's level at $30.78. If this is broken, then the next support from accumulated volume will be at $28.79 and $26.20.

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 $2.51 between high and low, or 7.95%. For the last week, the stock has had a daily average volatility of 7.22%.

Our recommended stop-loss: $31.39 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Is Tecnoglass Inc. stock A Buy?

Tecnoglass Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.878

Predicted Opening Price for Tecnoglass Inc. of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$32.82 $32.82 (Undervalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

On Nov 09, 2021 "B. Riley" gave "$37.00" rating for TGLS. The price target was set to $31.64+3.5%.

Volatility and Risk
Daily Average Volatility: 7.22 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.22 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $32.95
Price: $32.82
Support: $30.78

TGLS Insider Trading Show all Trades

INSIDER POWER

3.459

Last 80 transactions
Buy: 25 857 465 | Sell: 7 475 686 (Shares)
Date Action Amount Person Type
Sep 02, 2021 Sell 8 000 Byorum Martha L Ordinary Shares
May 13, 2021 Sell 20 000 Torres Julio A. Ordinary Shares
Dec 17, 2020 Sell 3 000 Byorum Martha L Ordinary Shares
Dec 16, 2020 Sell 5 000 Byorum Martha L Ordinary Shares
Sep 14, 2020 Sell 2 000 Byorum Martha L Ordinary Shares
Show all Insider Trades
INSIDER POWER

3.459

Last 80 transactions
Buy: 25 857 465 | Sell: 7 475 686 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 35.33 7.66 %
34.37 4.74 %
33.78 2.93 %
Current price: 32.82
Support 31.86 -2.91 %
31.27 -4.72 %
30.31 -7.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 33.49 2.04 %
33.42 1.83 %
32.95 0.40 %
Current price 32.82
Support 30.78 -6.22%
28.79 -12.28%
26.20 -20.17%

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About Tecnoglass Inc.

Tecnoglass Tecnoglass Inc., through its subsidiaries, manufactures and sells architectural glass and windows for the residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass. It also produces, exports, imports, and markets aluminum products, such as profiles, rods, bars, plates, tubes, and other ... Read more

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