TREDEGAR CORP (TG) Technical Analysis
NYSE:TG • US8946501009
Current stock price
TG Technical Rating and Analysis
Taking everything into account, TG scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TG is only an average performer.
- TG is part of the Metals & Mining industry. There are 163 other stocks in this industry, of which 66% are performing better than TG.
- The long and short term trends are both positive. This is looking good!
- TG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TG is lagging the market slightly.
- In the last month TG has a been trading in the 7.37 - 9.22 range, which is quite wide. It is currently trading near the high of this range.
- 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 65% of all stocks.
TG Weekly and Daily overview Charts
TG Setup Rating and Analysis
Although TG has an excellent technical rating, it does not present a decent entry opportunity 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
TG Support and Resistance Analysis
6.70
5 important support areas can be observed.
- A support zone ranging from 8.68 to 8.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.31 to 8.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.43 to 7.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.18 from a horizontal line in the daily time frame.
- Support @6.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.30 to 9.31. This zone is formed by a combination of multiple trend lines in the weekly time frame.
TG 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 | UP | POSITIVE | The long term trend for TG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TG is up. |
| ChartMill Relative Strength | 65.57 | NEUTRAL | TG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.8 | NEUTRAL | The RSI value for TG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TG has a positive trend. |
| Stochastics (14,3) | 92.47 | OVERBOUGHT | The high Stochastics value suggests TG may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for TG suggests a possible start of a new trend. |
TG Chart- and CandleStick Pattern Analysis
TG Technicals: Chart, Performance Metrics, Trend & Indicators
9.13
+0.15 (+1.67%)
TREDEGAR CORP / TG TA FAQ
What is the technical rating for TG stock?
ChartMill assigns a technical rating of 8 / 10 to TG.
What is the current trend direction of TREDEGAR CORP (TG) stock?
The current trend direction for TREDEGAR CORP (TG) is Bullish.
What is the RSI signal for TREDEGAR CORP (TG) stock?
TREDEGAR CORP (TG) has an RSI value of 66.7994. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TREDEGAR CORP?
The buy/sell signal for TREDEGAR CORP (TG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TREDEGAR CORP (TG) stock?
TREDEGAR CORP (TG) has a support level at 8.78 and a resistance level at 9.3. Check the full technical report for our detailed analysis of TG support and resistance levels.