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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.41, a Stop Loss order could be placed below this zone.
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6.70
When analyzing the support we can see 3 important areas.
- Support @7.41 from a horizontal line in the daily time frame.
- Support @7.09 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.54 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.26 to 8.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.52 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 | 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 | 27.83 | NEGATIVE | TG has a low relative strength, it was outperformed by 72.17% 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) | DOWN | NEGATIVE | The current price of TG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.91 | 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. |
| Stochastics (14,3) | 14.31 | OVERSOLD | The low Stochastics value suggests TG may be oversold. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for TG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.85 | NEGATIVE | The low ADX value for TG suggests a weak or negative trend. |
7.42
0 (0%)
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 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 42.9056. 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 -0.0317997, indicating a bearish trend.
Can you provide the buy/sell signal for TREDEGAR CORP?
The buy/sell signal for TREDEGAR CORP (TG) is sell as both the short term and long term trends are negative.