TEGNA INC (TGNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TGNA - US87901J1051 - Common Stock
Overall TGNA gets a technical rating of 3 out of 10. In the last year, TGNA was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
TGNA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGNA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.16 to 19.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.05 from a trend line in the weekly time frame.
- A support zone ranging from 15.42 to 15.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.81 to 19.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @20.31 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for TGNA is neutral. |
| ChartMill Relative Strength | 42.1 | NEUTRAL | TGNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TGNA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGNA is below a declining 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) | 50.58 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TGNA has a positive trend. |
| Stochastics (14,3) | 75.02 | NEUTRAL | The Stochastics value for TGNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for TGNA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for TGNA suggests a strong trend. |
19.67
-0.09 (-0.46%)
TEGNA INC / TGNA FAQ
Can you provide the ChartMill technical rating for TEGNA INC?
ChartMill assigns a technical rating of 3 / 10 to TGNA.
Can you provide the trend direction for TEGNA INC?
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 50.5758. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TEGNA INC?
The short term momentum for TEGNA INC (TGNA) is neutral.
What is the support and resistance level for TGNA stock?
TEGNA INC (TGNA) has a support level at 19.66 and a resistance level at 19.81. Check the full technical report for our detailed analysis of TGNA support and resistance levels.