TEGNA INC (TGNA) Stock Technical Analysis
NYSE:TGNA - New York Stock Exchange, Inc. - US87901J1051 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TGNA. 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.
In the last month TGNA has a been trading in the 16.05 - 17.67 range, which is quite wide. It is currently trading near the lows of this range.
TGNA has an average volume of 1317200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, TGNA outperforms 47% of them, which is more or less in line with the market.
TGNA is part of the Media industry. There are 98 other stocks in this industry, TGNA did better than 62% of them.
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.
The technical rating of TGNA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.26
19.13
When analyzing the support we can see 2 important areas.
- Support @16.06 from a horizontal line in the daily time frame.
- A support zone ranging from 15.41 to 15.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @16.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 16.77 to 17.73. 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 18.94. 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 | NEUTRAL | NEUTRAL | The long term trend for TGNA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TGNA is down. |
| ChartMill Relative Strength | 47.11 | 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) | DOWN | NEGATIVE | The current price of TGNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.78 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TGNA has a negative trend. |
| Stochastics (14,3) | 15.43 | OVERSOLD | The low Stochastics value suggests TGNA may be oversold. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TGNA suggests some volalility. |
| Average Directional Index/ADX (14) | 9.43 | NEGATIVE | The low ADX value for TGNA suggests a weak or negative 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)
16.07
-0.63 (-3.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-3.77%
1 Week-5.69%
2 Weeks-3.89%
1 Month-6.79%
3 Month-2.67%
6 Month-11.8%
12 Month6.42%
2 Year-2.78%
3 Year-24.91%
5 Year28.35%
10 Year5.38%
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.5%
ATR Inc9%
Range Today0.49
ADR(20)0.39
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.11
Mansfield-1.06
10 Day High17.28
10 Day Low16.05
20 Day High17.67
20 Day Low16.05
52 Week High19.62
52 Week Low13.37
CS1 End16.06
CR1 Start16.19
Volume & EV
DER(3)-1.12%
DER(5)0.7%
Volume1.56M
Volume Incr9.13%
Vol(5)1.44M
Vol(50)1.32M