Transportadora De Gas Sa Ord B Stock Forecast

Transportadora De Gas Sa Ord B stock price ended at $15.95 on Friday, after gaining 2.84%.
(Updated on Apr 19, 2024)

TGS Signals & Forecast

The Transportadora De Gas Sa Ord B stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.09. On a fall, the stock will find some support from the long-term average at approximately $14.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.84%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Transportadora De Gas Sa Ord B stock

On the downside, the stock finds support just below today's level from accumulated volume at $14.80 and $13.63. 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, Transportadora De Gas Sa Ord B finds support just below today's level at $14.80. If this is broken, then the next support from accumulated volume will be at $13.63 and $12.41.

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 $0.83 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 5.46%.

Our recommended stop-loss: $15.26 (-4.34%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (TGS) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Transportadora De Gas Sa Ord B to open at $15.89, and during the day (based on 14 day Average True Range), to move between $15.06 and $16.84, which gives a possible trading interval of +/-$0.89 (+/-5.59%) up or down from last closing price. If Transportadora De Gas Sa Ord B takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.09 (7.15%) than the support at $14.80 (7.21%), 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 Transportadora De Gas Sa Ord B stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transportadora De Gas Sa Ord B stock to perform well in the short-term.

Current score: 2.349 Buy Candidate Unchanged

Predicted Opening Price for Transportadora De Gas Sa Ord B of Monday, April 22, 2024

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