TECNOGLASS INC. - Daily - Technical analysis published on 09/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.99 USD
My targets
7.61 USD (+3.40%)
8.25 USD (+12.09%)
My analysis
The bullish trend is currently very strong on TECNOGLASS INC.. As long as the price remains above the support at 6.99 USD, you could try to benefit from the boom. The first bullish objective is located at 7.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.25 USD as an objective. Crossing it would then enable buyers to target 8.99 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TECNOGLASS INC. price is 7.36 USD. The price registered a decrease of -0.68% on the session and was between 7.32 USD and 7.40 USD. This implies that the price is at +0.55% from its lowest and at -0.54% from its highest.7.32
7.40
7.36
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TECNOGLASS INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.08 | 6.48 | 6.99 | 7.36 | 7.61 | 8.25 | 8.99 |
| Change (%) | -17.39% | -11.96% | -5.03% | - | +3.40% | +12.09% | +22.15% |
| Change | -1.28 | -0.88 | -0.37 | - | +0.25 | +0.89 | +1.63 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.19 | 7.27 | 7.34 | 7.42 | 7.49 | 7.57 | 7.64 |
| Camarilla | 7.37 | 7.38 | 7.40 | 7.41 | 7.42 | 7.44 | 7.45 |
| Woodie | 7.19 | 7.27 | 7.34 | 7.42 | 7.49 | 7.57 | 7.64 |
| Fibonacci | 7.27 | 7.33 | 7.36 | 7.42 | 7.48 | 7.51 | 7.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.66 | 6.87 | 7.14 | 7.34 | 7.61 | 7.82 | 8.09 |
| Camarilla | 7.28 | 7.32 | 7.37 | 7.41 | 7.45 | 7.50 | 7.54 |
| Woodie | 6.70 | 6.88 | 7.17 | 7.36 | 7.65 | 7.83 | 8.12 |
| Fibonacci | 6.87 | 7.05 | 7.16 | 7.34 | 7.52 | 7.64 | 7.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.70 | 6.26 | 6.71 | 7.27 | 7.72 | 8.28 | 8.73 |
| Camarilla | 6.89 | 6.99 | 7.08 | 7.17 | 7.26 | 7.36 | 7.45 |
| Woodie | 5.66 | 6.23 | 6.67 | 7.24 | 7.68 | 8.25 | 8.69 |
| Fibonacci | 6.26 | 6.64 | 6.88 | 7.27 | 7.65 | 7.89 | 8.28 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.56 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 7.30 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 7.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.87 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 6.82 | |
| Zig ZAG (10): | 7.39 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 79.76 | |
| TEMA (21): | 7.32 | |
| Williams %R (14): | -22.14 | |
| Chande Momentum Oscillator (20): | 0.40 | |
| Repulse (5,40,3): | 2.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.62 |
| MA7: | 7.31 | |
| MA20: | 7.20 | |
| MA50: | 7.18 | |
| MA100: | 6.93 | |
| MAexp7: | 7.32 | |
| MAexp20: | 7.24 | |
| MAexp50: | 7.14 | |
| MAexp100: | 7.12 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | +2.51% | |
| Price / MA100: | +6.20% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +1.66% | |
| Price / MAexp50: | +3.08% | |
| Price / MAexp100: | +3.37% |
News
Don"t forget to follow the news on TECNOGLASS INC.. At the time of publication of this analysis, the latest news was as follows:
- Tecnoglass Appoints Carlos Alfredo Cure Cure as a New Director
- Tecnoglass to Present at the D.A. Davidson 18th Annual Diversified Industrials & Services Conference
- Tecnoglass Reports Second Quarter 2019 Results
- Tecnoglass Sets Date for Second Quarter 2019 Earnings Release and Conference Call
- Tecnoglass Reports First Quarter 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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