TNMG Surges 66% on Extreme Volume, Closes at $3.91
$TNL Mediagene(TNMG)$
TNMG Soared +65.68%: Media Stock Erupts on Extreme Volume, $3.91 Close Signals Reversal
Latest Close Data
Closed at $3.91 on 2026-01-19, surging +65.68% from yesterday's $2.36 close. The price remains far below its 52-week high of $120.00.
Core Market Drivers
The massive spike was primarily driven by extreme retail trading activity, with a daily turnover rate of 1344.02% and volume ratio over 400. No specific company news was cited, suggesting a potential short squeeze or speculative momentum play.
Technical Analysis
Volume exploded to 27.76M shares, far above average.
The 6-day RSI jumped to 78.42, entering overbought territory, while the 12-day RSI at 60.80 shows strong momentum.
MACD histogram turned positive to 0.347, signaling a potential bullish crossover as DIF (-0.534) rises towards the DEA line (-0.707).
Key Price Levels
Primary Support: $2.74 (previous resistance-turned-support).
Strong Resistance: $3.94 (key technical hurdle from 2026-01-16).
Immediate Pivot: $3.91 (today's close, acting as the new base).
Valuation Perspective
The stock trades at a P/S ratio of 0.16, which is low, but this is overshadowed by negative profitability metrics (P/E TTM: -0.06, ROE: -164.59%).
Analyst Targets
Only 1 analyst covers the stock with a "Buy" rating and a price target of $14.00, implying significant upside from current levels.
Weekly Outlook
Expect high volatility and consolidation between $3.50 and $4.20. A sustained break above $3.94 could target the $4.68 intraday high. Failure to hold $3.50 may lead to a retest of $2.74 support.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Trading low-float, high-volatility stocks like TNMG carries extreme risk. Past performance is not indicative of future results. Always conduct your own research.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
