GRAY MEDIA INC (GTN) Stock Technical Analysis
NYSE:GTN - New York Stock Exchange, Inc. - US3893751061 - Common Stock - Currency: USD
Taking everything into account, GTN scores 7 out of 10 in our technical rating. 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.
In the last month GTN has a been trading in the 4.49 - 5.70 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
GTN has an average volume of 1366420 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 49% of all stocks.
GTN is an average performer in the Media industry, it outperforms 61% of 97 stocks in the same industry.
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.
Although GTN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.18
5.67
4 important support areas can be observed.
- Support @4.13 from a trend line in the daily time frame.
- Support @3.65 from a trend line in the weekly time frame.
- Support @3.41 from a trend line in the daily time frame.
- Support @3.21 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.03 to 5.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.32 to 5.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.61 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 | UP | POSITIVE | The long term trend for GTN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GTN is neutral. |
| ChartMill Relative Strength | 49.29 | NEUTRAL | GTN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GTN is below 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) | 45.44 | NEUTRAL | The RSI value for GTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GTN has a negative trend. |
| Stochastics (14,3) | 13.07 | OVERSOLD | The low Stochastics value suggests GTN may be oversold. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for GTN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for GTN suggests a possible start of a new 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)
4.68
-0.19 (-3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-3.9%
1 Week-4.88%
2 Weeks-12.69%
1 Month3.31%
3 Month26.15%
6 Month25.13%
12 Month-16.28%
2 Year-50.58%
3 Year-74.8%
5 Year-67.36%
10 Year-72.29%
15 Year80%
Volatility
ATR(14)0.27
ATR(20)%6.11%
ATR Inc-15.47%
Range Today0.34
ADR(20)0.28
ADR(20)%5.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.29
Mansfield-0.06
10 Day High5.45
10 Day Low4.62
20 Day High5.7
20 Day Low4.49
52 Week High6.16
52 Week Low2.91
CS1 End4.13
CR1 Start5.03
Volume & EV
DER(3)0.37%
DER(5)1.23%
Volume1.66M
Volume Incr-21.83%
Vol(5)1.21M
Vol(50)1.37M