GTN.A Technical Analysis - GRAY MEDIA INC-A

Technical Rating and Analysis

Overall GTN.A gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GTN.A is showing a nice and steady performance.

Warning: GTN.A has an average volume of 4744 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

GTN.A is part of the Media industry. There are 97 other stocks in this industry. GTN.A outperforms 77% of them.

GTN.A is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GTN.A is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that GTN.A is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month GTN.A has a been trading in the 8.10 - 12.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GRAY MEDIA INC-A / GTN.A Weekly stock chart

GRAY MEDIA INC-A / GTN.A Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, GTN.A also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.65

10.10

When analyzing the support we can see 4 important areas.

Support @8.21 from a trend line in the daily time frame.
Support @7.58 from a horizontal line in the daily time frame.
Support @7.37 from a trend line in the daily time frame.
A support zone ranging from 6.72 to 6.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for GTN.A is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GTN.A is up.
ChartMill Relative Strength	83.45	POSITIVE	GTN.A has a high relative strength, it outperformed 83.45% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of GTN.A is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GTN.A is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GTN.A is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.4	NEUTRAL	The RSI value for GTN.A is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests GTN.A has a negative trend.
Stochastics (14,3)	45.22	NEUTRAL	The Stochastics value for GTN.A is a neutral value.
Average True Range in percent/ATR (20)	7.95	HIGH VOLATILITY	The high ATR as a percentage value for GTN.A suggests high volalility.
Average Directional Index/ADX (14)	46.02	POSITIVE	The high ADX value value for GTN.A suggests a strong trend.