Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, which purpose is to provide a relative definition of high and low. This defintion is used to identify buy and sell signals and have proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. Get-A-Graph uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.
TGS Forecast and Technical Stock Analysis
Sell candidate since 2019-10-16 Loss -25.15% PDF
Transportadora De Gas Sa Ord B gained 3.21% in the last trading day ( Friday, 15th Nov 2019 ), rising from $5.91 to $6.10 During the day the stock fluctuated 5.44% from a day low at $5.88 to a day high of $6.20. The price has been going up and down for this period, and there has been a -17.57% loss for the last 2 weeks. Volume fell in the last day by -353 126 shares and in total, 708 798 shares bought and sold for approximately $4.32 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TGS stock price was $8.48 and low was $5.85.
- 90 day high was $9.67 and low was $5.85.
- 52 week high for Transportadora De Gas Sa Ord B - $17.00 and low - $5.85.
Transportadora De Gas Sa Ord B 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 $5.88 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.44% during the next 3 months and, with 90% probability hold a price between $4.92 and $6.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday November 14, 2019, which indicates further gains 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. 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 $6.55 and $7.73. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 37 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 behaviour.
Support & Resistance
Transportadora De Gas Sa Ord B finds support from accumulated volume at $5.91.
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 $0.32 between high and low, or 5.44%. For the last week, the stock has had a daily average volatility of 6.99%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
6.99 %Average volatility
Very Low Low Medium High Very High
Transportadora De Gas Sa Ord B 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|TGS $6.10 ($0.19 3.21%)|
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