GTN Technical Analysis - GRAY MEDIA INC

Technical Rating and Analysis

Taking everything into account, GTN scores 1 out of 10 in our technical rating. 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.

In the last month GTN has a been trading in the 4.64 - 6.00 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

GTN has an average volume of 1379390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

GTN is part of the Media industry. There are 95 other stocks in this industry, GTN did better than 53% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of GTN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.53

6.13

When analyzing the support we can see 4 important areas.

A support zone ranging from 4.65 to 4.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @4.57 from a trend line in the weekly time frame.
Support @3.85 from a trend line in the weekly time frame.
Support @3.57 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @5.86 from a trend line in the weekly time frame.
Resistance @6.07 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for GTN is down.
ChartMill Relative Strength	16.65	NEGATIVE	GTN has a low relative strength, it was outperformed by 83.35% 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)	UP	MIXED	The current price of GTN is below 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)	26.11	OVERSOLD	The low RSI value suggests GTN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests GTN has a negative trend.
Stochastics (14,3)	3.62	OVERSOLD	The low Stochastics value suggests GTN may be oversold.
Average True Range in percent/ATR (20)	5.31	HIGH VOLATILITY	The high ATR as a percentage value for GTN suggests high volalility.
Average Directional Index/ADX (14)	17.11	NEGATIVE	The low ADX value for GTN suggests a weak or negative trend.