GRAY MEDIA INC (GTN) Stock Technical Analysis
NYSE:GTN • US3893751061
Taking everything into account, GTN scores 5 out of 10 in our technical rating. GTN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- GTN is part of the Media industry. There are 91 other stocks in this industry. GTN outperforms 78% of them.
- In the last month GTN has a been trading in the 4.16 - 5.17 range, which is quite wide. It is currently trading near the high of this range.
- GTN has an average volume of 1319690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that GTN is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- 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 the technical rating is only medium, GTN does present a nice setup opportunity. Prices have been consolidating lately. 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
4 important support areas can be observed.
- A support zone ranging from 4.69 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.44 from a trend line in the weekly time frame.
- A support zone ranging from 4.20 to 4.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.13 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @5.09 from a trend line in the daily time frame.
- A resistance zone ranging from 5.27 to 5.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.54 from a horizontal line in the daily time frame.
- Resistance @5.86 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 | 73.51 | POSITIVE | GTN has a high relative strength, it outperformed 73.51% 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) | 57.97 | NEUTRAL | The RSI value for GTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.27 | NEUTRAL | The Stochastics value for GTN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for GTN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.33 | NEUTRAL | The ADX value for GTN suggests a possible start of a new trend. |
4.88
-0.16 (-3.17%)
GRAY MEDIA INC / GTN FAQ
What is the technical rating for GTN stock?
ChartMill assigns a technical rating of 5 / 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 57.9693. 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 4.71 and a resistance level at 5.09. Check the full technical report for our detailed analysis of GTN support and resistance levels.