Today TGC ranks # as BUY CANDIDATE.
Today TGC ranks # as BUY CANDIDATE.

TGC stock Tengasco Inc

TGC stock
Tengasco Inc

February 21, 2019
Change 3.16%
Chart period: 2018-11-23 - 2019-02-21
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will TGC stock price go up or down on Fri, 22 Feb 2019?

Tengasco Inc Forecast and Stock Analysis

Technical TGC stock analysis for February 21, 2019.

Buy candidate since 2019-02-21
Shorts 2.31% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 0.52
ROA 19.82

Tengasco Inc gained 3.16% in the last trading day, rising from $0.95 to $0.98 The price has fallen in 6 of the last 10 days and is down by -2% for this period. Volume fell in the last day by -10 978 shares, and in total, 11 475 shares bought and sold for approximately $11 245.50. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the TGC stock was $0.98. This is 3.16% more than the trading day before Wednesday, 20th Feb 2019.

During day the stock fluctuated 4.21% from a day low at $0.95 to a day high of $0.99.

30 day high of the TGC stock price was $1.03 and low was $0.88.
90 day high was $1.19 and low was $0.70.
52 week high for the Tengasco Inc - $2.47 and low - $0.59.

Trend

Tengasco Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.08% during the next 3 months and, with 90% probability hold a price between $0.64 and $1.00 at the end of this period.

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Signals

Tengasco Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $0.97 and $0.95. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 20, 2019, which indicates further gains until a new top pivot has been found. 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.

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A buy signal from a double bottom formation was found on Thursday February 14, 2019 and based on theory for this formation the price should go up by 0.04% to $0.99 within 2 trading days since signal was issued (Tuesday February 19, 2019).

Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Tengasco Inc finds support from accumulated volume at $0.96.

Support: $0.96 Price: $0.98 Resistance: $0.99

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $0.93 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Today TGC ranks # as BUY CANDIDATE.
Today TGC ranks # as BUY CANDIDATE.