TEGNA INC (TGNA) Stock Technical Analysis
NYSE:TGNA • US87901J1051
Taking everything into account, TGNA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TGNA is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- TGNA is part of the Media industry. There are 91 other stocks in this industry. TGNA outperforms 80% of them.
- TGNA 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.
- In the last month TGNA has a been trading in the 18.73 - 21.10 range, which is quite wide. It is currently trading near the high of this range.
- TGNA has an average volume of 1408790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, TGNA turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
TGNA has an excellent technical rating and also presents 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 21.20. Right above this resistance zone may be a good entry point.
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15.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.27 to 20.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.73 to 18.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.49 from a trend line in the weekly time frame.
- Support @15.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.20 to 21.28. 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 TGNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGNA is up. |
| ChartMill Relative Strength | 66.98 | NEUTRAL | TGNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.47 | OVERBOUGHT | The high RSI value suggests TGNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TGNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.84 | OVERBOUGHT | The high Stochastics value suggests TGNA may be overbought. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for TGNA suggests low volalility. |
| Average Directional Index/ADX (14) | 43.91 | POSITIVE | The high ADX value value for TGNA 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 |
|---|---|---|---|
| 21.29 | 20.68 | 0.61 (2.87%) | 25.00% |
| An entry @21.29. This is a Buy Stop order right above the resistance zone. | An exit @20.68. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.61 points, which is 2.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- 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.
21.01
+0.11 (+0.53%)
TEGNA INC / TGNA FAQ
Can you provide the ChartMill technical rating for TEGNA INC?
ChartMill assigns a technical rating of 8 / 10 to TGNA.
What is the current trend direction of TEGNA INC (TGNA) stock?
The current trend direction for TEGNA INC (TGNA) is Bullish.
What is the RSI signal for TGNA stock?
TEGNA INC (TGNA) has an RSI value of 74.4651. This indicates that the stock is currently overbought.
What is the MACD signal for TGNA stock?
The MACD indicator for TEGNA INC (TGNA) has a value of 0.0639494, indicating a bearish trend.
What is the support and resistance level for TGNA stock?
TEGNA INC (TGNA) has a support level at 20.12 and a resistance level at 21.2. Check the full technical report for our detailed analysis of TGNA support and resistance levels.