TEGNA INC (TGNA) Stock Technical Analysis
NYSE:TGNA - New York Stock Exchange, Inc. - US87901J1051 - Common Stock - Currency: USD
Taking everything into account, TGNA scores 1 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
TGNA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
TGNA is one of the better performing stocks in the Media industry, it outperforms 70% of 97 stocks in the same industry.
TGNA has an average volume of 2030180 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 63% of all stocks.
TGNA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TGNA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.60, a Stop Loss order could be placed below this zone.
More info and screens
15.10
19.51
When analyzing the support we notice one important area.
- A support zone ranging from 15.25 to 15.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 16.16 to 16.33. This zone is formed by a combination of multiple trend lines 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.
- Resistance @19.32 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.88
Mansfield0.01
10 Day High16.48
10 Day Low15.5
20 Day High18.46
20 Day Low15.14
52 Week High19.62
52 Week Low12.35
Performance
1 Week-0.06%
2 Weeks1.9%
1 Month-15.38%
3 Month-11.86%
6 Month-1.41%
12 Month13.34%
2 Year3.68%
3 Year-26.67%
5 Year37.03%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)43.81
LBB15.44
UBB16.51
16.06
-0.17 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.05%
1 Week-0.06%
2 Weeks1.9%
1 Month-15.38%
3 Month-11.86%
6 Month-1.41%
12 Month13.34%
2 Year3.68%
3 Year-26.67%
5 Year37.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%4.73%
ATR Inc-43.7%
Range Today0.29
ADR(20)0.67
ADR(20)%4.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.88
Mansfield0.01
10 Day High16.48
10 Day Low15.5
20 Day High18.46
20 Day Low15.14
52 Week High19.62
52 Week Low12.35
CS1 End15.6
CR1 Start16.16
Volume & EV
DER(3)-2.67%
DER(5)-1.39%
Volume922.70K
Volume Incr-54.27%
Vol(5)956.26K
Vol(50)2.03M