Will tgl reach 1.32 tomorrow
9/25/2024 03:52am
**Treasure Global Inc. (TGL) is not likely to reach $1.32 tomorrow.** Here's why:
1. **Recent Performance**: TGL's stock has experienced a significant downturn, plunging to a 52-week low of $0.67. This indicates a recent trend of declining stock prices.
2. **Short-Term Moving Averages**: The 5-day moving average is $0.86, and the 10-day moving average is $0.76. These short-term averages suggest the stock's recent trend is slightly upward, but not enough to reach $1.32.
3. **Technical Indicators**: The MACD (Moving Average Convergence Divergence) is at 0.16, which does not indicate a strong upward momentum that would suggest a price increase to $1.32.
4. **Market Sentiment**: The RSI (Relative Strength Index) is at 92.58, which is considered to be in the overbought territory and suggests that the stock may be due for a price correction rather than an increase.
5. **Forecast Price**: The forecast price for the next trading day is $1.12, which is higher than the current closing price of $1.10, but it does not reach $1.32.
In conclusion, based on TGL's recent performance, technical indicators, and the lack of strong upward momentum, it is unlikely that the stock will reach $1.32 tomorrow.