Transportadora De Gas Sa Ord B Forecast and Stock Analysis
Technical TGS stock analysis for March 22, 2019.
|Shorts||0.60% ( 2019-02-28 )|
Transportadora De Gas Sa Ord B fell by -5.61% in the last day from $14.26 to $13.46 and has now fallen 5 days in a row. The price has been going up and down for this period, and there has been a -2.96% loss for the last 2 weeks. Volume has increased in the last day by 282 153 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 494 473 shares bought and sold for approximately $6.66 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TGS stock was $13.46. This is 5.61% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 5.40% from a day low at $13.36 to a day high of $14.08.
30 day high of the TGS stock price was $15.98 and low was $13.10.
90 day high was $17.00 and low was $13.10.
52 week high for the Transportadora De Gas Sa Ord B - $21.30 and low - $10.72.
Transportadora De Gas Sa Ord B lies in the lower of a 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 $13.02 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.51% during the next 3 months and, with 90% probability hold a price between $12.04 and $14.86 at the end of this period.
There are few to none technical positive signals at the moment. Transportadora De Gas Sa Ord B 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 $14.37 and $14.98. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Transportadora De Gas Sa Ord B finds support from accumulated volume at $13.26.
This stock may move much during a 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 $0.72 between high and low, or 5.40%. For the last week, the stock has had a daily average volatility of 5.02%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Transportadora De Gas Sa Ord B holds several negative signals and is within a 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.