TREDEGAR CORP (TG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TG - US8946501009 - Common Stock
Taking everything into account, TG scores 4 out of 10 in our technical rating. In the past year, TG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
TG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.76, a Stop Loss order could be placed below this zone.
More info and screens
6.70
3 important support areas can be observed.
- A support zone ranging from 7.63 to 7.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.00 from a trend line in the weekly time frame.
- A support zone ranging from 6.77 to 6.86. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.39 to 8.52. 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 | NEUTRAL | NEUTRAL | The long term trend for TG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TG is up. |
| ChartMill Relative Strength | 55.5 | 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) | DOWN | MIXED | The current price of TG is above 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) | 52.88 | NEUTRAL | The RSI value for TG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TG has a negative trend. |
| Stochastics (14,3) | 40.35 | NEUTRAL | The Stochastics value for TG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for TG suggests a possible start of a new trend. |
7.86
-0.07 (-0.88%)
TREDEGAR CORP / TG FAQ
What is the technical rating for TG stock?
ChartMill assigns a technical rating of 4 / 10 to TG.
What is the trend direction for TG stock?
The current trend direction for TREDEGAR CORP (TG) is Bearish.
What is the RSI signal for TG stock?
TREDEGAR CORP (TG) has an RSI value of 52.8819. This indicates that the stock is currently neutral.
What is the MACD signal for TREDEGAR CORP (TG) stock?
The MACD indicator for TREDEGAR CORP (TG) has a value of -0.0121378, indicating a bearish trend.