GRAY MEDIA INC (GTN) Stock Technical Analysis
NYSE:GTN - New York Stock Exchange, Inc. - US3893751061 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GTN. Although GTN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month GTN has a been trading in the 3.62 - 4.98 range, which is quite wide. It is currently trading near the high of this range.
GTN has an average volume of 1337150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, GTN turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
GTN is part of the Media industry. There are 97 other stocks in this industry, GTN did better than 66% of them.
GTN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GTN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GTN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.18
5.03
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.50 to 4.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.90 from a trend line in the daily time frame.
- Support @3.57 from a trend line in the weekly time frame.
- Support @3.36 from a trend line in the daily time frame.
- Support @3.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.98 from a horizontal line in the weekly time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTN is up. |
| ChartMill Relative Strength | 67.29 | NEUTRAL | GTN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GTN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.84 | OVERBOUGHT | The high RSI value suggests GTN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GTN has a positive trend. |
| Stochastics (14,3) | 93.77 | OVERBOUGHT | The high Stochastics value suggests GTN may be overbought. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for GTN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.98 | POSITIVE | The high ADX value value for GTN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.92
+0.05 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.03%
1 Week8.13%
2 Weeks19.13%
1 Month33.7%
3 Month35.16%
6 Month43.02%
12 Month0%
2 Year-48.05%
3 Year-73.51%
5 Year-65.69%
10 Year-70.87%
15 Year89.23%
Volatility
ATR(14)0.21
ATR(20)%4.12%
ATR Inc1.37%
Range Today0.13
ADR(20)0.19
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.29
Mansfield0.35
10 Day High4.98
10 Day Low4.15
20 Day High4.98
20 Day Low3.62
52 Week High6.61
52 Week Low2.91
CS1 End4.57
CR1 Start4.98
Volume & EV
DER(3)4.12%
DER(5)2.98%
Volume533.00K
Volume Incr-22.71%
Vol(5)996.90K
Vol(50)1.34M