Transportadora De Gas Sa Ord B Stock Forecast
Green day on Tuesday for Transportadora De Gas Sa Ord B
(Updated on Jul 02, 2024)
The Transportadora De Gas Sa Ord B stock price gained 1.17% on the last trading day (Tuesday, 2nd Jul 2024), rising from $17.90 to $18.11. During the last trading day the stock fluctuated 3.05% from a day low at $17.69 to a day high of $18.23. The price has risen in 6 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 83 thousand shares were bought and sold for approximately $1.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.75% during the next 3 months and, with a 90% probability hold a price between $19.13 and $23.21 at the end of this 3-month period.
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TGS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 6.84%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Transportadora De Gas Sa Ord B stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.48 and $18.55. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Transportadora De Gas Sa Ord B stock
Transportadora De Gas Sa Ord B finds support from accumulated volume at $17.80 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 $0.540 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TGS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Transportadora De Gas Sa Ord B to open at $18.01, and during the day (based on 14 day Average True Range), to move between $17.14 and $19.08, which gives a possible trading interval of +/-$0.97 (+/-5.38%) 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 10.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.80 (1.71%) than the resistance at $18.55 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Transportadora De Gas Sa Ord B stock A Buy?
The Transportadora De Gas Sa Ord B stock holds several negative signals and despite the positive trend, we believe Transportadora De Gas Sa Ord B will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.124 Sell Candidate Unchanged
Predicted Opening Price for Transportadora De Gas Sa Ord B of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$18.01 ( 0.552%) | $18.11 |
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 | |
---|---|---|
R3 | 18.55 | 2.43% |
R2 | 18.34 | 1.29% |
R1 | 18.22 | 0.587% |
Price | 18.11 | |
S1 | 17.80 | -1.69% |
S2 | 17.68 | -2.39% |
S3 | 17.47 | -3.53% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.20 | 6.02% |
R2 | 18.98 | 4.80% |
R1 | 18.55 | 2.43% |
Price | 18.11 | |
S1 | 17.80 | -1.71% |
S2 | 17.09 | -5.63% |
S3 | 15.63 | -13.69% |
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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