Tigo Energy, Inc. Stock Forecast

Strong day for Tigo Energy, Inc. stock price on Monday rising 9.82% to $1.23
(Updated on May 20, 2024)

TYGO Signals & Forecast

The Tigo Energy, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.26. On a fall, the stock will find some support from the long-term average at approximately $1.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 9.82%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Tigo Energy, Inc. stock

Tigo Energy, Inc. finds support from accumulated volume at $1.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.103 between high and low, or 8.95%. For the last week the stock has had daily average volatility of 16.89%.

Our recommended stop-loss: $1.19 (-3.36%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (TYGO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Tigo Energy, Inc. to open at $1.21, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.36, which gives a possible trading interval of +/-$0.128 (+/-10.39%) up or down from last closing price. If Tigo Energy, Inc. takes out the full calculated possible swing range there will be an estimated 20.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.20 (2.44%) than the resistance at $1.32 (7.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tigo Energy, Inc. stock A Buy?

Tigo Energy, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.388 Hold/Accumulate Upgraded

Predicted Opening Price for Tigo Energy, Inc. of Tuesday, May 21, 2024

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