TGI Solar Power Group Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for TGI Solar Power Group Inc.
(Updated on May 31, 2024)
The TGI Solar Power Group Inc. stock price gained 3.90% on the last trading day (Friday, 31st May 2024), rising from $0.0015 to $0.0016. During the last trading day the stock fluctuated 0% from a day low at $0.0016 to a day high of $0.0016. The price has risen in 5 of the last 10 days but is still down by -5.88% for this period. Volume fell on the last day by -145 thousand shares and in total, 2 thousand shares were bought and sold for approximately $3.36 . 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 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 $0.0013 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 24.85% during the next 3 months and, with a 90% probability hold a price between $0.0017 and $0.0045 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 $0.0016 and $0.0020. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -50.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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
On the downside, the stock finds support just below today's level from accumulated volume at $0.0015 and $0.0014. There is a 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, TGI Solar Power Group Inc. finds support just below today's level at $0.0015. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0013.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 16.50%.
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 Monday 3rd
For the upcoming trading day on Monday, 3rd we expect TGI Solar Power Group Inc. to open at $0.0016, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0020, which gives a possible trading interval of +/-$0.0004 (+/-22.54%) 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 45.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0015 (6.25%) than the resistance at $0.0018 (12.50%), 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: -4.119 Sell Candidate Unchanged
Predicted Opening Price for TGI Solar Power Group Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0016 ( 0%) | $0.0016 |
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 | 0.0016 | . | |
| R2 | 0.0016 | . | ||
| R1 | 0.0016 | . | ||
| Current price: | 0.0016 | |||
| Support | S1 | 0.0016 | . | |
| S2 | 0.0016 | . | ||
| S3 | 0.0016 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 18.75 % | |
| R2 | 0.0019 | 18.56 % | ||
| R1 | 0.0018 | 12.50 % | ||
| Current price | 0.0016 | |||
| Support | S1 | 0.0015 | -6.25% | |
| S2 | 0.0014 | -12.50% | ||
| S3 | 0.0013 | -18.75% |
FAQ
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