GRAY MEDIA INC (GTN) Stock Technical Analysis
NYSE:GTN - US3893751061 - Common Stock
6.07 USD
+0.2 (+3.41%)
6.01 USD
-0.06 (-0.99%)
Overall GTN gets a technical rating of 8 out of 10. GTN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GTN is one of the better performing stocks in the Media industry, it outperforms 87% of 100 stocks in the same industry.
GTN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GTN has a been trading in the 3.50 - 6.14 range, which is quite wide. It is currently trading near the high of this range.
GTN has an average volume of 1631270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GTN did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although GTN has an excellent technical rating, it does not offer a high quality setup 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
6.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.71 to 5.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.25 from a trend line in the daily time frame.
- Support @3.71 from a trend line in the weekly time frame.
- Support @3.46 from a trend line in the daily time frame.
- Support @3.21 from a horizontal 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 | UP | POSITIVE | The short term trend for GTN is up. |
| ChartMill Relative Strength | 88.75 | POSITIVE | GTN has a high relative strength, it outperformed 88.75% off all stocks 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) | UP | POSITIVE | The current price of GTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.62 | NEUTRAL | The RSI value for GTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.91 | OVERBOUGHT | The high Stochastics value suggests GTN may be overbought. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for GTN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.91 | 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)
6.07
+0.2 (+3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg3.41%
1 Week3.23%
2 Weeks46.97%
1 Month22.13%
3 Month55.64%
6 Month59.74%
12 Month16.51%
2 Year-24.69%
3 Year-68.22%
5 Year-60.89%
10 Year-47.63%
15 Year228.11%
Volatility
ATR(14)0.39
ATR(20)%5.73%
ATR Inc-36.66%
Range Today0.21
ADR(20)0.33
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.75
Mansfield2.73
10 Day High6.14
10 Day Low4.35
20 Day High6.14
20 Day Low3.5
52 Week High6.16
52 Week Low2.91
CS1 End5.78
CR1 StartN/A
Volume & EV
DER(3)6.21%
DER(5)4.15%
Volume1.09M
Volume Incr-37.96%
Vol(5)1.14M
Vol(50)1.63M