TEGNA INC (TGNA) Stock Technical Analysis
NYSE:TGNA - New York Stock Exchange, Inc. - US87901J1051 - Common Stock - Currency: USD
Overall TGNA gets a technical rating of 3 out of 10. TGNA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TGNA is one of the better performing stocks in the Media industry, it outperforms 73% of 96 stocks in the same industry.
TGNA has an average volume of 1829200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that TGNA is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TGNA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGNA is lagging the market slightly.
In the last month TGNA has a been trading in the 15.91 - 17.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TGNA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 15.78, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.10
19.51
We found 2 important support areas.
- A support zone ranging from 15.76 to 15.78. 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.
- A resistance zone ranging from 16.80 to 17.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.83 to 18.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.32 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 | NEUTRAL | NEUTRAL | The short term trend for TGNA is neutral. |
| ChartMill Relative Strength | 73.52 | POSITIVE | TGNA has a high relative strength, it outperformed 73.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TGNA is below the rising 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 | MIXED | The current price of TGNA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.63 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TGNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.91 | NEUTRAL | The Stochastics value for TGNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TGNA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for TGNA suggests a possible start of a new 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)
16.71
-0.03 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.18%
1 Week-4.02%
2 Weeks-2.45%
1 Month3.98%
3 Month-6.28%
6 Month-10.69%
12 Month16.53%
2 Year7.88%
3 Year-23.7%
5 Year42.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%2.6%
ATR Inc-12.75%
Range Today0.22
ADR(20)0.41
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.52
Mansfield-0.05
10 Day High17.88
10 Day Low16.62
20 Day High17.88
20 Day Low15.91
52 Week High19.62
52 Week Low12.35
CS1 End15.78
CR1 Start16.8
Volume & EV
DER(3)-2.13%
DER(5)-0.29%
Volume1.22M
Volume Incr-5.39%
Vol(5)1.30M
Vol(50)1.83M