RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

High volatility in Tengasco Inc stock price on Friday which ended trading at $34.00
(Updated on Feb 25, 2022)

Buy or Hold candidate since Feb 22, 2022 Gain 18.63% PDF

The Tengasco Inc stock price gained 6.58% on the last trading day (Friday, 25th Feb 2022), rising from $31.90 to $34.00. During the last trading day the stock fluctuated 14.92% from a day low at $29.70 to a day high of $34.13. The price has been going up and down for this period, and there has been a 25.41% gain for the last 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 126 thousand shares were bought and sold for approximately $4.27 million. 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 has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $33.66, a level that may pose a second chance to hit a runner. According to fan-theory $41.19 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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TGC Signals & Forecast

The Tengasco Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $28.62 and $25.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 27, 2022, and so far it has risen 54.55%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Tengasco Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $32.24 and $31.90. 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, Tengasco Inc finds support just below today's level at $32.24. If this is broken, then the next support from accumulated volume will be at $31.90 and $28.66.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.43 between high and low, or 14.92%. For the last week, the stock has had daily average volatility of 15.35%.

Our recommended stop-loss: $32.25 (-5.16%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (TGC) For The Upcoming Trading Day Of Monday 28th

For the upcoming trading day on Monday, 28th we expect Tengasco Inc to open at $32.61, and during the day (based on 14 day Average True Range), to move between $30.97 and $37.03, which gives a possible trading interval of +/-$3.03 (+/-8.92%) up or down from last closing price. If Tengasco Inc takes out the full calculated possible swing range there will be an estimated 17.83% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.24, some $1.76 (5.18%) from the current price of $34.00, our system finds the risk reward attractive.

Is Tengasco Inc stock A Buy?

Tengasco 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Tengasco Inc of Monday, February 28, 2022

Fair opening price February 28, 2022 Current price
$32.61 ( 4.09%) $34.00

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

Trading levels for TGC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.04 8.94 %
R2 35.35 3.96 %
R1 34.30 0.89 %
Current price: 34.00
Support S1 30.92 -9.07 %
S2 29.87 -12.14 %
S3 28.18 -17.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 34.00
Support S1 32.24 -5.18%
S2 31.90 -6.18%
S3 28.66 -15.71%

FAQ

What is the symbol for Tengasco Inc Stock and on which exchange is it traded?
The symbol for Tengasco Inc is TGC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tengasco Inc Stock?
Tengasco 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Tengasco Inc Stock?
Tengasco Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tengasco Inc Stock.

What's the current price of Tengasco Inc Stock?
As of the end of day on the 2022-02-25, the price of an Tengasco Inc (TGC) share was $34.00.

What is the 52-week high and low for Tengasco Inc Stock?
The 52-week high for Tengasco Inc Stock is $53.92 and the 52-week low is $2.36.
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