TEGNA INC (TGNA) Stock Technical Analysis
USA - NYSE:TGNA - US87901J1051 - Common Stock
Taking everything into account, TGNA scores 5 out of 10 in our technical rating. In the last year, TGNA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, TGNA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 19.88, a Stop Loss order could be placed below this zone.
More info and screens
15.27
3 important support areas can be observed.
- A support zone ranging from 19.62 to 19.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.88 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 one important area.
- 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 | 60.77 | 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) | 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) | 57.7 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TGNA has a positive trend. |
| Stochastics (14,3) | 78.98 | NEUTRAL | The Stochastics value for TGNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for TGNA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.91 | NEUTRAL | The ADX value for TGNA suggests a possible start of a new trend. |
20.19
+0.26 (+1.3%)
TEGNA INC / TGNA FAQ
Can you provide the ChartMill technical rating for TEGNA INC?
ChartMill assigns a technical rating of 5 / 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 57.6969. 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 19.88 and a resistance level at 21.2. Check the full technical report for our detailed analysis of TGNA support and resistance levels.