TGC Forecast and Technical Stock AnalysisSell candidate since 2019-07-12 Loss -21.77%
Tengasco Inc fell by -8.91% in the last day ( Thursday, 18th Jul 2019 ) from $0.73 to $0.66 During day the stock fluctuated 16.67% from a day low at $0.60 to a day high of $0.70. The price has been going up and down for this period, and there has been a -22.68% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -314 308 shares and in total 19 698 shares bought and sold for approximately $13 098.00.
- 30 day high of the TGC stock price was $1.00 and low was $0.55.
- 90 day high was $1.15 and low was $0.55.
- 52 week high for the Tengasco Inc - $1.51 and low - $0.55.
Tengasco Inc lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.63 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.48% during the next 3 months and, with 90% probability hold a price between $0.46 and $0.63 at the end of this period.
There are few to none technical positive signals at the moment. Tengasco Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.79 and $0.86. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 31 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Tengasco Inc finds support from accumulated volume at $0.64.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.10 between high and low, or 16.67%. For the last week the stock has had a daily average volatility of 21.94%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
21.94 %Average volatility
Very Low Low Medium High Very High
Tengasco Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now