TEGNA INC (TGNA) Stock Technical Analysis
NYSE:TGNA - US87901J1051 - Common Stock
21.08 USD
+0.02 (+0.09%)
21.11 USD
+0.03 (+0.14%)
We assign a technical rating of 10 out of 10 to TGNA. In the last year, TGNA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, TGNA did better than 89% of all other stocks. On top of that, TGNA also shows a nice and consistent pattern of rising prices.
TGNA is part of the Media industry. There are 100 other stocks in this industry. TGNA outperforms 87% 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 14.87 - 21.19 range, which is quite wide. It is currently trading near the high of this range.
TGNA has an average volume of 2872030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
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 very little resistance above the current price.
More info and screens
15.27
21.29
3 important support areas can be observed.
- Support @20.18 from a horizontal line in the daily time frame.
- A support zone ranging from 17.52 to 17.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.42 from a horizontal line in the daily time frame.
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 TGNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGNA is up. |
| ChartMill Relative Strength | 89.62 | POSITIVE | TGNA has a high relative strength, it outperformed 89.62% off all stocks 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) | 70.25 | OVERBOUGHT | The high RSI value suggests TGNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TGNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.73 | OVERBOUGHT | The high Stochastics value suggests TGNA may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TGNA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.97 | POSITIVE | The high ADX value value for TGNA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 21.20 | 20.17 | 1.03 (4.86%) | 20.58% |
| An entry @21.20. This is a Buy Stop order right above the 10 day high. | An exit @20.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 4.86%. | When investing 20.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TGNA. Please evaluate whether better entry and exit points can be found.
- 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.
21.08
+0.02 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.09%
1 Week2.73%
2 Weeks37.69%
1 Month23.71%
3 Month26.68%
6 Month18.23%
12 Month50.25%
2 Year27.53%
3 Year-1.5%
5 Year68.37%
10 Year38.24%
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%3.5%
ATR Inc-89.76%
Range Today0.07
ADR(20)0.49
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.62
Mansfield1.2
10 Day High21.19
10 Day Low19.32
20 Day High21.19
20 Day Low14.87
52 Week High21.19
52 Week Low13.45
CS1 End20.18
CR1 StartN/A
Volume & EV
DER(3)-3.37%
DER(5)-2.39%
Volume3.65M
Volume Incr287.08%
Vol(5)10.69M
Vol(50)2.87M