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.
AI Analysis of TGO.TO
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Green day on Wednesday for TeraGo Inc. stock after gaining 1.34%
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 Gain 8.63% PDF

The TeraGo Inc. stock price gained 1.34% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.49 to $1.51. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.72% from a day low at $1.49 to a day high of $1.62. The price has risen in 6 of the last 10 days and is up by 19.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $15.15 thousand.

Given the current short-term trend, the stock is expected to fall -16.60% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TGO.TO Signals & Forecast

Mostly positive signals in the chart today. The TeraGo 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 $1.38 and $1.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 31.30%. 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). TeraGo Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for TeraGo Inc. stock

TeraGo Inc. finds support from accumulated volume at $1.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 8.72%. For the last week, the stock has had daily average volatility of 6.49%.

Our recommended stop-loss: $1.42 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (TGO.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect TeraGo Inc. to open at $1.54, and during the day (based on 14 day Average True Range), to move between $1.39 and $1.63, which gives a possible trading interval of +/-$0.118 (+/-7.79%) up or down from last closing price. If TeraGo Inc. takes out the full calculated possible swing range there will be an estimated 15.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.52 (0.66%) than the support at $1.49 (1.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is TeraGo Inc. stock A Buy?

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 stock to perform well in the short-term.

Current score: 2.713 Buy Candidate Unchanged

Predicted Opening Price for TeraGo Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.54 ( 1.99%) $1.51

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

Trading levels for TGO.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.67 10.60 %
R2 1.62 7.31 %
R1 1.59 5.28 %
Current price: 1.51
Support S1 1.49 -1.30 %
S2 1.46 -3.33 %
S3 1.41 -6.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.64 8.61 %
R2 1.60 5.96 %
R1 1.52 0.662 %
Current price 1.51
Support S1 1.49 -1.32%
S2 1.35 -10.60%
S3 1.29 -14.57%

FAQ

What is the symbol for TeraGo Inc. Stock and on which exchange is it traded?
The symbol for TeraGo Inc. is TGO.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell TeraGo Inc. Stock?
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 stock to perform well in the short-term.

How to buy TeraGo Inc. Stock?
TeraGo 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 TeraGo Inc. Stock.

What's the current price of TeraGo Inc. Stock?
As of the end of day on the 2024-03-27, the price of an TeraGo Inc. (TGO.TO) share was $1.51.

What is the 52-week high and low for TeraGo Inc. Stock?
The 52-week high for TeraGo Inc. Stock is $3.45 and the 52-week low is $1.10.

What is the market capitalization of TeraGo Inc. Stock?
As of the 2024-03-27, the market capitalization of TeraGo Inc. is 29.979M.

When is the next earnings date for TeraGo Inc.?
The upcoming earnings date for TeraGo Inc. is May 08, 2024.
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About TeraGo Inc.

TeraGo. TeraGo Inc., together with its subsidiaries, provides connectivity, colocation, and cloud services for businesses primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services. It also offers data connectivity services that allow businesses to co... TGO.TO Profile

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