TRIBUNE MEDIA CO (TRCO) Technical Analysis
NYSE:TRCO
Current stock price
TRCO Technical Rating and Analysis
Taking everything into account, TRCO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRCO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TRCO did better than 87% of all other stocks.
- TRCO 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.
- TRCO has an average volume of 1072890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TRCO has a been trading in a tight range between 46.46 and 46.68.
TRCO Weekly and Daily overview Charts
TRCO Setup Rating and Analysis
Besides having an excellent technical rating, TRCO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 46.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.63, a Stop Loss order could be placed below this zone.
More info and screens
TRCO Support and Resistance Analysis
45.48
We found 1 important support area.
- A support zone ranging from 45.94 to 46.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.67 to 46.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
TRCO 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 TRCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRCO is up. |
| ChartMill Relative Strength | 87.85 | POSITIVE | TRCO has a high relative strength, it outperformed 87.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for TRCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TRCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.2 | OVERBOUGHT | The high Stochastics value suggests TRCO may be overbought. |
| Average True Range in percent/ATR (20) | 0.1 | LOW VOLATILITY | The low ATR as a percentage value for TRCO suggests low volalility. |
TRCO Chart- and CandleStick Pattern Analysis
TRCO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.71 | 46.53 | 0.18 (0.39%) | 25.00% |
| An entry @46.71. This is a Buy Stop order right above the resistance zone. | An exit @46.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 0.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TRCO Technicals: Chart, Performance Metrics, Trend & Indicators
46.66
0 (0%)
TRIBUNE MEDIA CO / TRCO TA FAQ
What is the technical rating for TRCO stock?
ChartMill assigns a technical rating of 8 / 10 to TRCO.
What is the trend direction for TRCO stock?
The current trend direction for TRIBUNE MEDIA CO (TRCO) is Bullish.
What is the RSI signal for TRIBUNE MEDIA CO (TRCO) stock?
TRIBUNE MEDIA CO (TRCO) has an RSI value of 64.1997. This indicates that the stock is currently neutral.
What is the short term momentum for TRCO stock?
The short term momentum for TRIBUNE MEDIA CO (TRCO) is positive.
What is the buy/sell signal for TRIBUNE MEDIA CO (TRCO) stock?
The buy/sell signal for TRIBUNE MEDIA CO (TRCO) is buy as both the short term and long term trends are positive.