TEGNA INC (TGNA) Stock Technical Analysis
USA - NYSE:TGNA - US87901J1051 - Common Stock
Taking everything into account, TGNA scores 3 out of 10 in our technical rating. TGNA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
TGNA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 19.77, a Stop Loss order could be placed below this zone.
More info and screens
15.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.62 to 19.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.92 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.89 to 20.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for TGNA is down. |
| ChartMill Relative Strength | 51.43 | NEUTRAL | TGNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGNA is below 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) | 45.65 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TGNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for TGNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for TGNA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for TGNA suggests a possible start of a new trend. |
19.87
-0.05 (-0.25%)
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 45.6547. 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 negative.
What is the support and resistance level for TGNA stock?
TEGNA INC (TGNA) has a support level at 19.77 and a resistance level at 19.89. Check the full technical report for our detailed analysis of TGNA support and resistance levels.