TREDEGAR CORP (TG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TG - US8946501009 - Common Stock
Taking everything into account, TG scores 0 out of 10 in our technical rating. TG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, TG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.44. Right above this resistance zone may be a good entry point.
More info and screens
6.70
When analyzing the support we can see 2 important areas.
- Support @7.13 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.44 to 7.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.17 to 8.24. 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 | 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 | 29.41 | NEGATIVE | TG has a low relative strength, it was outperformed by 70.59% off all stocks 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) | UP | MIXED | The current price of TG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.58 | 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) | 17.1 | OVERSOLD | The low Stochastics value suggests TG may be oversold. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.43 | NEGATIVE | The low ADX value for TG suggests a weak or negative trend. |
7.36
+0.18 (+2.51%)
TREDEGAR CORP / TG FAQ
What is the technical rating for TG stock?
ChartMill assigns a technical rating of 0 / 10 to TG.
What is the current trend direction of TREDEGAR CORP (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 43.5754. 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 -0.0331922, indicating a bearish trend.
What is the support and resistance level for TG stock?
TREDEGAR CORP (TG) has a support level at 7.13 and a resistance level at 7.44. Check the full technical report for our detailed analysis of TG support and resistance levels.