TGI Solar Power Group Inc. Stock Forecast
TGI Solar Power Group Inc. stock price ended at $0.0019 on Monday, after losing 0%.
(Updated on May 20, 2024)
No changes to the price of TGI Solar Power Group Inc. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0019 to a day high of $0.0019. The price has risen in 5 of the last 10 days and is up by 35.71% over the past 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0015 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 60.38% during the next 3 months and, with a 90% probability hold a price between $0.0024 and $0.0062 at the end of this 3-month period.
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TSPG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The TGI Solar Power Group Inc. 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 $0.0019 and $0.0022. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TGI Solar Power Group Inc. stock
TGI Solar Power Group Inc. finds support from accumulated volume at $0.0019 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 6.45%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSPG) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect TGI Solar Power Group Inc. to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0024, which gives a possible trading interval of +/-$0.0005 (+/-24.46%) up or down from last closing price. If TGI Solar Power Group Inc. takes out the full calculated possible swing range there will be an estimated 48.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0019 (0.16%) than the resistance at $0.0020 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TGI Solar Power Group Inc. stock A Buy?
The TGI Solar Power Group Inc. stock holds several negative signals and despite the positive trend, we believe TGI Solar Power Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.868 Sell Candidate Unchanged
Predicted Opening Price for TGI Solar Power Group Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0019 ( 0%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSPG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | . | |
| R2 | 0.0019 | . | ||
| R1 | 0.0019 | . | ||
| Current price: | 0.0019 | |||
| Support | S1 | 0.0019 | . | |
| S2 | 0.0019 | . | ||
| S3 | 0.0019 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0023 | 21.05 % | |
| R2 | 0.0022 | 15.79 % | ||
| R1 | 0.0020 | 5.26 % | ||
| Current price | 0.0019 | |||
| Support | S1 | 0.0019 | -0.158% | |
| S2 | 0.0018 | -5.26% | ||
| S3 | 0.0015 | -21.05% |
FAQ
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