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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
TL

TLGO.MC

$2.53
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 0.10%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Talgo, S.A. (TLGO.MC) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Price target
$3.23
+27.7% · 5 analysts
Institutional own.
13.9%
of shares
NON-COMPLIANT
Sharia compliance
0.10%
Non-permissible income — HTR, from filings (2025-12-31)
$3.23
Price target (+27.7%) · 5 analysts
13.9%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. TLGO.MC files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 172.00% 30.00% Fail
Interest-bearing investments 63.06% 30.00% Fail
Non-permissible income 0.10% 5.00% Pass

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 40.79% 33.00% Fail
Interest-bearing investments 14.96% 33.00% Pass
Non-liquid assets 37.07% at least 20.00% Pass
Non-permissible income 0.10% 5.00% Pass

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 40.79% 33.33% Fail
Cash + interest-bearing securities 14.96% 33.33% Pass
Accounts receivable 62.93% 33.33% Fail
Non-permissible income 0.10% 5.00% Pass

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 40.79% 33.33% Fail
Cash + interest-bearing securities 14.96% 33.33% Pass
Accounts receivable 62.93% 50.00% Fail
Non-permissible income 0.10% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 151.14% 33.00% Fail
Cash + interest-bearing securities 55.42% 33.00% Fail
Accounts receivable 177.74% 33.00% Fail
Non-permissible income 0.10% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 135.48% 33.00% Fail
Cash + interest-bearing securities 49.68% 49.00% Fail
Accounts receivable 159.33% 49.00% Fail
Non-permissible income 0.10% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 135.48% 33.33% Fail
Cash + interest-bearing securities 49.68% 33.33% Fail
Accounts receivable 209.01% 49.00% Fail
Non-permissible income 0.10% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

3.142.992.842.682.532025-09-112026-03-122026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
2.41
S2
2.47
S1
2.51
PIVOT
2.57
R1
2.61
R2
2.67
R3
2.71

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
2.42405 2.66595
±4.75% from 2.545, made 2026-09-10 · resolves 2026-09-17
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 21923 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG SELL
19 indicators
OscillatorsBUY
4 buy · 0 neutral · 3 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 12 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)25.30BUY
Stochastic %K (14)7.14BUY
CCI (20)-261.48BUY
Williams %R (14)-92.86BUY
MACD (12,26,9)-0.02SELL
ROC (10)-5.95SELL
Momentum (10)-0.16SELL
EMA (10)2.62SELL
SMA (10)2.64SELL
EMA (20)2.65SELL
SMA (20)2.67SELL
EMA (30)2.67SELL
SMA (30)2.69SELL
EMA (50)2.69SELL
SMA (50)2.70SELL
EMA (100)2.71SELL
SMA (100)2.71SELL
EMA (200)2.75SELL
SMA (200)2.79SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About Talgo, S.A.

Industrials · Railroads

Talgo, S.A. engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide. It provides high speed, intercity, commuter and regional, and locomotive railway products. The company is also involved in the manufacture, delivery, and maintenance of commercialized rolling stock, auxiliary and other, machines, such as pit lathes, measuring equipment, and shunting cars, as well as rolling stock renovations/remodelling. The company was formerly known as Pegaso Rail International, S.A. Talgo, S.A. was founded in 1942 and is headquartered in Madrid, Spain.

talgo.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

🕌 In-house Ratio Research — filings.xbrl.org ESEF XBRL

Research only, not the primary verdict above — SEC EDGAR (the source for the main in-house research card, if shown) has no data for this symbol, so this is computed from a real, country-specific filing instead. Business-activity screening isn't part of this check.

AAOIFI Standard 21 (% of market cap) — Unverified
Debt ratio no data
Investments ratio 27.5% (< 30%)
Non permissible income ratio no data
Usmani (% of total assets) — Unverified
Debt ratio no data
Investments ratio 7.3% (< 33%)
Nonliquid assets ratio 43.0% (< 20%)
Non permissible income ratio no data
Net liquid assets $0.2B (mkt cap $0.3B)

Based on the filing period ending 2024-12-31, figures in EUR.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.