TEGNA INC (TGNA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TGNA • US87901J1051
Taking everything into account, TGNA scores 5 out of 10 in our technical rating. In the last year, TGNA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- TGNA is one of the better performing stocks in the Media industry, it outperforms 79% of 92 stocks in the same industry.
- 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 18.69 - 20.91 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TGNA has an average volume of 1322770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, TGNA turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TGNA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.73 to 19.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.41 from a trend line in the weekly time frame.
- Support @15.42 from a horizontal line in the weekly 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 | 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 | 64.66 | 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 | POSITIVE | The current price of TGNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.92 | OVERBOUGHT | The high RSI value suggests TGNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests TGNA has a positive trend. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests TGNA may be overbought. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for TGNA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.53 | NEUTRAL | The ADX value for TGNA suggests a possible start of a new trend. |
20.89
+0.15 (+0.72%)
TEGNA INC / TGNA FAQ
Can you provide the ChartMill technical rating for TEGNA INC?
ChartMill assigns a technical rating of 5 / 10 to TGNA.
What is the current trend direction of TEGNA INC (TGNA) stock?
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 78.9214. This indicates that the stock is currently overbought.
What is the MACD signal for TGNA stock?
The MACD indicator for TEGNA INC (TGNA) has a value of 0.213053, indicating a bearish trend.
What is the support and resistance level for TGNA stock?
TEGNA INC (TGNA) has a support level at 19.49. Check the full technical report for our detailed analysis of TGNA support and resistance levels.