TEGNA INC (TGNA) Technical Analysis
NYSE:TGNA • US87901J1051
Current stock price
TGNA Technical Rating and Analysis
Overall TGNA gets a technical rating of 4 out of 10. 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.
- In the last month TGNA has a been trading in the 19.91 - 21.14 range, which is quite wide. It is currently trading near the lows of this range.
- TGNA is one of the better performing stocks in the Media industry, it outperforms 83% of 92 stocks in the same industry.
- TGNA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TGNA is performing more or less in line with the market.
- TGNA has an average volume of 2009680 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- 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 66% of all stocks.
TGNA Weekly and Daily overview Charts
TGNA Setup Rating and Analysis
Although the technical rating is only medium, TGNA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.03, a Stop Loss order could be placed below this zone.
More info and screens
TGNA Support and Resistance Analysis
16.45
4 important support areas can be observed.
- A support zone ranging from 19.76 to 20.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.27 from a horizontal line in the daily time frame.
- A support zone ranging from 18.73 to 18.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.44 to 21.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
TGNA Technical Indicator Signal Analysis
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 | 66.84 | 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) | 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) | 40.11 | NEUTRAL | The RSI value for TGNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TGNA has a negative trend. |
| Stochastics (14,3) | 19.81 | OVERSOLD | The low Stochastics value suggests TGNA may be oversold. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for TGNA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.49 | POSITIVE | The high ADX value value for TGNA suggests a strong trend. |
TGNA Chart- and CandleStick Pattern Analysis
TGNA Technicals: Chart, Performance Metrics, Trend & Indicators
20.03
-0.26 (-1.28%)
TEGNA INC / TGNA TA FAQ
Can you provide the ChartMill technical rating for TEGNA INC?
ChartMill assigns a technical rating of 4 / 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 40.109. This indicates that the stock is currently neutral.
What is the MACD signal for TGNA stock?
The MACD indicator for TEGNA INC (TGNA) has a value of -0.131142, indicating a bearish trend.
What is the support and resistance level for TGNA stock?
TEGNA INC (TGNA) has a support level at 20.03 and a resistance level at 20.44. Check the full technical report for our detailed analysis of TGNA support and resistance levels.