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
Buy candidate since 2019-07-19
Transportadora De Gas Sa Ord B fell by -0.39% in the last day ( Friday, 19th Jul 2019 ) from $15.26 to $15.20 and has now fallen 3 days in a row. During the day the stock fluctuated 2.05% from a day low at $15.10 to a day high of $15.41. The price has been going up and down for this period, and there has been a 3.19% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -30 563 shares and in total 195 942 shares bought and sold for approximately $2.98 million.
- 30 day high of the TGS stock price was $16.69 and low was $14.09.
- 90 day high was $16.69 and low was $8.81.
- 52 week high for Transportadora De Gas Sa Ord B - $17.78 and low - $8.81.
Transportadora De Gas Sa Ord B has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $15.34. A reaction back to this level may hold a second chance to get out before further falls.
Transportadora De Gas Sa Ord B holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $15.72. On a fall, the stock will find some support from the long-term average at approximately $14.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 60 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 $15.00.
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 $0.31 between high and low, or 2.05%. For the last week, the stock has had a daily average volatility of 3.69%.
Our recommended stop-loss: $14.25 (-6.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 6 day(s) ago.)
3.69 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|TGS $15.20 ($-0.06 -0.39%)|
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