New Analysis: II-VI Incorporated ($IIVI) vs Tecnoglass Inc. ($TGLS)

2019-08-20 | Welcome! Today we compared how two different stocks in the Electronic Components industry are trading: II-VI Incorporated and Tecnoglass Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, II-VI Incorporated opened at 39.24, got to a maximum price of 39.82 and dropped to as low as 38.86 before finishing the session at 39.24. In total there were 638800 shares traded, which is enough to conduct our analysis. Compare that now to Tecnoglass Inc., which opened at 7.24, had a high of 7.37, a low of 7.09, closed at 7.26 and had a total volume of 47300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator II-VI Incorporated Tecnoglass Inc.
Accumulation-distribution index 128.91793 65.36789
on-balance volume -38.26 7.24
chaikin money flow

2.31034 3.30769
force index

5.02253 0.0126
ease of movement rating

0.05495 -0.00041
volume-price trend

2.68517 0.19038
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator II-VI Incorporated Tecnoglass Inc.
Average true range 0.75808 0.14625
Bolinger bands 40.3136 7.31971
Upper bollinger band 35.8164 6.98029
Lower bollinger band

38.86 7.09
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

39.30667 7.23333
High band keltner channel

38.72667 7.10333
Low band keltner channel

39.88667 7.36333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

38.86 7.09
Donchain channel low band

38.86 7.09
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator II-VI Incorporated Tecnoglass Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.00269
MACD signal -0.01982 0.0015
MACD difference -0.01585 0.0012
fast Exponential Moving Average (EMA) indicator

38.86 7.09
slow Exponential Moving Average (EMA) indicator

38.86 7.09
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.18142 0.15757

7.10244 2.35262
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 66.66667
Detrended Price Oscillator (DPO)

-2.47461 -0.17564
KST Oscillator (KST)

68.01121 25.40176
KST Oscillator (KST Signal)

68.01121 25.40176
KST difference

-10.92472 4.33879
Ichimoku rating

39.53 7.305
Ichimoku B rating

39.53 7.305
Ichimoku visual trend A

37.33005 7.08674
Ichimoku visual trend B

37.4317 7.0402
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator II-VI Incorporated Tecnoglass Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

86.68822 53.93644
stochastic oscillator

165.51724 215.38462
stochastic oscillator signal

165.51724 215.38462
Williams %R rating

65.51724 115.38462
awesome oscillator

-0.22983 0.02409

RETURNS: That’s all for technical analysis. Now let’s just list the returns for II-VI Incorporated and Tecnoglass Inc..

Daily return 6.80112 2.54018
Daily log return -4.17767 1.67836
Cumulative return -4.09161 1.69252

So there you have it: our deep, grueling analysis comparing II-VI Incorporated and Tecnoglass Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s II-VI Incorporated:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether IIVI is strong or weak. Again – this is not a reliable indication of whether II-VI Incorporated is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Tecnoglass Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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