TEGNA INC (TGNA) Stock Technical Analysis
NYSE:TGNA - New York Stock Exchange, Inc. - US87901J1051 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TGNA. In the past year, TGNA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TGNA has a been trading in the 15.99 - 17.38 range, which is quite wide. It is currently trading near the high of this range.
TGNA has an average volume of 1305140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TGNA outperforms 63% of them, which is more or less in line with the market.
TGNA is part of the Media industry. There are 97 other stocks in this industry, TGNA did better than 64% of them.
TGNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGNA is lagging the market.
Although the technical rating is only medium, TGNA 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 16.69, a Stop Loss order could be placed below this zone.
More info and screens
15.10
19.51
3 important support areas can be observed.
- A support zone ranging from 16.52 to 16.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.06 to 16.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.25 to 15.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @17.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.83 to 18.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.32 to 19.32. This zone is formed by a combination of multiple trend lines 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 | 63.61 | 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 | MIXED | The current price of TGNA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.6 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TGNA has a positive trend. |
| Stochastics (14,3) | 78.93 | NEUTRAL | The Stochastics value for TGNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for TGNA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.49 | NEGATIVE | The low ADX value for TGNA suggests a weak or negative 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)
17.24
+0.11 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.64%
1 Week0.76%
2 Weeks4.74%
1 Month6.88%
3 Month7.62%
6 Month-8.25%
12 Month24.21%
2 Year2.01%
3 Year-17.67%
5 Year46.35%
10 Year-7.67%
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2.12%
ATR Inc-25.65%
Range Today0.29
ADR(20)0.36
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.61
Mansfield-0.51
10 Day High17.38
10 Day Low16.48
20 Day High17.38
20 Day Low15.99
52 Week High19.62
52 Week Low13.37
CS1 End16.69
CR1 Start16.78
Volume & EV
DER(3)-4.24%
DER(5)-3.02%
Volume625.10K
Volume Incr1.9%
Vol(5)1.37M
Vol(50)1.31M