GRAY MEDIA INC (GTN) Stock Technical Analysis
NYSE:GTN - New York Stock Exchange, Inc. - US3893751061 - Common Stock - Currency: USD
Overall GTN gets a technical rating of 1 out of 10. GTN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GTN is a bad performer in the overall market: 84% of all stocks are doing better.
GTN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GTN is lagging the market.
GTN has an average volume of 1340530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
GTN is part of the Media industry. There are 98 other stocks in this industry, GTN did better than 42% of them.
In the last month GTN has a been trading in the 3.62 - 4.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GTN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.76, a Stop Loss order could be placed below this zone.
More info and screens
3.18
4.74
We found 5 important support areas.
- A support zone ranging from 3.72 to 3.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.63 from a horizontal line in the daily time frame.
- Support @3.50 from a trend line in the weekly time frame.
- A support zone ranging from 3.32 to 3.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.21 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.87 to 3.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.24 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.44 from a trend line in the weekly time frame.
- Resistance @4.69 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for GTN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GTN is neutral. |
| ChartMill Relative Strength | 16.69 | NEGATIVE | GTN has a low relative strength, it was outperformed by 83.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GTN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.49 | NEUTRAL | The RSI value for GTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GTN has a negative trend. |
| Stochastics (14,3) | 52.62 | NEUTRAL | The Stochastics value for GTN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GTN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.55 | NEGATIVE | The low ADX value for GTN suggests a weak or negative 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)
3.83
-0.08 (-2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-2.05%
1 Week0.52%
2 Weeks-3.53%
1 Month-6.81%
3 Month-11.75%
6 Month2.96%
12 Month-22.15%
2 Year-51.4%
3 Year-77.32%
5 Year-72.54%
10 Year-75.57%
15 Year58.92%
Volatility
ATR(14)0.19
ATR(20)%4.78%
ATR Inc-22.92%
Range Today0.12
ADR(20)0.17
ADR(20)%4.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.69
Mansfield-1.67
10 Day High4.22
10 Day Low3.62
20 Day High4.22
20 Day Low3.62
52 Week High6.61
52 Week Low2.91
CS1 End3.76
CR1 Start3.87
Volume & EV
DER(3)-2.74%
DER(5)-1.69%
Volume947.30K
Volume Incr-0.16%
Vol(5)1.20M
Vol(50)1.34M