Tecnoglass Inc

TGLS remains in a Stage 4 decline with a clear sequence of lower highs and lower lows reinforced by a Support Failure pattern. The medium-term bias is bearish, dictating a sell-side tradable view. Short-term conditions are neutral as price tightly tracks the flat EMAs without a clear rejection signal. We recommend trimming exposure on rallies into the 9/20/50 EMA resistance zone.

• ↑Q1 revenue rose 12% YoY to $249M on multifamily/commercial demand.
• ↑Backlog grew 19.1% YoY to $1.36B, supporting future revenues.
• ↓Aluminum costs rose ~48% YoY, squeezing margins.