Transportadora De Gas Sa Ord B Stock Forecast

Green day on Thursday for Transportadora De Gas Sa Ord B
(Updated on Apr 25, 2024)

TGS Signals & Forecast

The Transportadora De Gas Sa Ord B 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 $16.10 and $15.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 $0.88 between high and low, or 5.67%. For the last week, the stock has had daily average volatility of 6.32%.

Our recommended stop-loss: $15.29 (-5.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (TGS) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Transportadora De Gas Sa Ord B to open at $15.96, and during the day (based on 14 day Average True Range), to move between $15.20 and $17.06, which gives a possible trading interval of +/-$0.93 (+/-5.75%) 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 11.51% 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 (5.95%) than the support at $14.80 (8.25%), 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: 3.051 Buy Candidate Unchanged

Predicted Opening Price for Transportadora De Gas Sa Ord B of Friday, April 26, 2024

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