GRAY MEDIA INC (GTN) Stock Technical Analysis
NYSE:GTN • US3893751061
We assign a technical rating of 4 out of 10 to GTN. In the past year, GTN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- 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 80% of 91 stocks in the same industry.
- GTN has an average volume of 1292090 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 64% of all stocks.
- 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.
- In the last month GTN has a been trading in the 4.16 - 5.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GTN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.05. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GTN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.09
We found 4 important support areas.
- Support @4.46 from a trend line in the weekly time frame.
- A support zone ranging from 4.27 to 4.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.20 from a horizontal line in the daily time frame.
- Support @4.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.05 to 5.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.25 from a trend line in the daily time frame.
- Resistance @5.34 from a horizontal line in the weekly time frame.
- Resistance @5.85 from a trend 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 | 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 | 64.99 | 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) | DOWN | MIXED | The current price of GTN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GTN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.22 | NEUTRAL | The RSI value for GTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.35 | NEUTRAL | The Stochastics value for GTN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for GTN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.59 | NEUTRAL | The ADX value for GTN suggests a possible start of a new trend. |
4.69
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GRAY MEDIA INC / GTN FAQ
What is the technical rating for GTN stock?
ChartMill assigns a technical rating of 4 / 10 to GTN.
What is the current trend direction of GRAY MEDIA INC (GTN) stock?
The current trend direction for GRAY MEDIA INC (GTN) is Bearish.
What is the RSI signal for GTN stock?
GRAY MEDIA INC (GTN) has an RSI value of 51.2187. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GRAY MEDIA INC?
The short term momentum for GRAY MEDIA INC (GTN) is positive.
What are the support and resistance levels for GRAY MEDIA INC (GTN) stock?
GRAY MEDIA INC (GTN) has a support level at 4.46 and a resistance level at 5.05. Check the full technical report for our detailed analysis of GTN support and resistance levels.