TREDEGAR CORP (TG) Stock Technical Analysis
NYSE:TG - New York Stock Exchange, Inc. - US8946501009 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TG. TG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
TG is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 60% are performing better than TG.
TG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the performance of all stocks over the past year, TG turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
TG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TG is lagging the market.
TG has a poor technical rating and the quality of the setup is also not perfect 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
6.69
9.39
When analyzing the support we can see 2 important areas.
- Support @7.24 from a trend line in the daily time frame.
- Support @6.76 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.61 to 7.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.05 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.30 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 | DOWN | NEGATIVE | The long term trend for TG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TG is down. |
| ChartMill Relative Strength | 67.7 | NEUTRAL | TG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.99 | NEUTRAL | The RSI value for TG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.1 | NEUTRAL | The Stochastics value for TG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 43.1 | POSITIVE | The high ADX value value for TG suggests a strong 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)
7.6
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week1.2%
2 Weeks-6.86%
1 Month-16.85%
3 Month-7.32%
6 Month-6.29%
12 Month26.25%
2 Year51.09%
3 Year-25.56%
5 Year-55.11%
10 Year-47.55%
15 Year-53.71%
Volatility
ATR(14)0.3
ATR(20)%3.75%
ATR Inc-61.44%
Range Today0.11
ADR(20)0.27
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.7
Mansfield-0.97
10 Day High8.32
10 Day Low7.04
20 Day High9.18
20 Day Low7.04
52 Week High9.43
52 Week Low5.86
CS1 End7.24
CR1 Start7.61
Volume & EV
DER(3)0.19%
DER(5)-1.34%
Volume60.10K
Volume Incr-37.54%
Vol(5)59.64K
Vol(50)82.67K