TREDEGAR CORP (TG) Stock Technical Analysis
NYSE:TG • US8946501009
We assign a technical rating of 7 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 one of the lesser performing stocks in the Metals & Mining industry. 78% of 157 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- 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.
- 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 62% of all stocks.
TG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.30. Right above this resistance zone may be a good entry point.
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6.70
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.68 to 8.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.97 from a trend line in the daily time frame.
- Support @7.79 from a trend line in the weekly time frame.
- Support @7.35 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 | NEUTRAL | NEUTRAL | The short term trend for TG is neutral. |
| ChartMill Relative Strength | 62.06 | NEUTRAL | TG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TG is below 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) | 53.43 | NEUTRAL | The RSI value for TG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TG has a negative trend. |
| Stochastics (14,3) | 34.35 | NEUTRAL | The Stochastics value for TG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.62 | POSITIVE | The high ADX value value for TG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.33 | 8.67 | 0.66 (7.07%) | 14.14% |
| An entry @9.33. This is a Buy Stop order right above the resistance zone. | An exit @8.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.66 points, which is 7.07%. | When investing 14.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.75
+0.04 (+0.46%)
TREDEGAR CORP / TG FAQ
What is the technical rating for TG stock?
ChartMill assigns a technical rating of 7 / 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 53.4273. 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 -0.0741146, indicating a bearish trend.
What is the support and resistance level for TG stock?
TREDEGAR CORP (TG) has a support level at 8.68 and a resistance level at 9.3. Check the full technical report for our detailed analysis of TG support and resistance levels.