TREDEGAR CORP (TG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TG • US8946501009
We assign a technical rating of 8 out of 10 to TG. Although TG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- TG is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 79% are performing better than TG.
- The long and short term trends are both positive. This is looking good!
- TG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- TG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- 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 has an excellent technical rating, but the quality of the setup is only medium 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.
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6.70
We found 4 important support areas.
- A support zone ranging from 8.52 to 8.60. 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 7.73 to 7.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.32 from a trend line in the weekly 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 9.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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) | UP | POSITIVE | The current price of TG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.42 | NEUTRAL | The RSI value for TG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.95 | NEUTRAL | The Stochastics value for TG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 40.05 | POSITIVE | The high ADX value value for TG suggests a strong trend. |
9.05
-0.02 (-0.22%)
TREDEGAR CORP / TG 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 TG stock?
TREDEGAR CORP (TG) has an RSI value of 60.424. This indicates that the stock is currently neutral.
What is the MACD signal for TG stock?
The MACD indicator for TREDEGAR CORP (TG) has a value of 0.0283366, indicating a bearish trend.
What is the support and resistance level for TG stock?
TREDEGAR CORP (TG) has a support level at 8.6 and a resistance level at 9.3. Check the full technical report for our detailed analysis of TG support and resistance levels.