TORTOISE ENERGY INFRASTRUCT (TYG) Stock Technical Analysis
USA - NYSE:TYG - US89147L8862
42.28 USD
-0.17 (-0.4%)
44.1 USD
+1.82 (+4.3%)
We assign a technical rating of 2 out of 10 to TYG. TYG has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, TYG outperforms 50% of them, which is more or less in line with the market.
TYG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TYG is lagging the market.
In the last month TYG has a been trading in a tight range between 42.00 and 43.40.
Although the technical rating is bad, TYG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 42.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.12, a Stop Loss order could be placed below this zone.
More info and screens
36.66
44.84
4 important support areas can be observed.
- Strong support @42.12 from a horizontal line in the daily time frame.
- Support @40.22 from a trend line in the weekly time frame.
- Support @38.63 from a trend line in the weekly time frame.
- Support @37.03 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 42.41 to 43.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.40 from a horizontal line in the daily time frame.
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 TYG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TYG is down. |
| ChartMill Relative Strength | 50.74 | NEUTRAL | TYG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TYG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TYG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TYG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.93 | NEUTRAL | The RSI value for TYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TYG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.34 | NEUTRAL | The Stochastics value for TYG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for TYG suggests low volalility. |
| Average Directional Index/ADX (14) | 9.41 | NEGATIVE | The low ADX value for TYG 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)
42.28
-0.17 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week-0.28%
2 Weeks-1.01%
1 Month-1.58%
3 Month-0.7%
6 Month-3.47%
12 Month11.91%
2 Year46.3%
3 Year41.17%
5 Year185.87%
10 Year-61.01%
15 Year-69.14%
Volatility
ATR(14)0.5
ATR(20)%1.16%
ATR Inc-24.29%
Range Today0.27
ADR(20)0.48
ADR(20)%1.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.74
Mansfield-1.08
10 Day High42.9
10 Day Low42.1
20 Day High43.4
20 Day Low42
52 Week High48.76
52 Week Low33.73
CS1 End42.12
CR1 Start42.41
Volume & EV
DER(3)0.51%
DER(5)1.19%
Volume62.80K
Volume Incr-2.93%
Vol(5)58.52K
Vol(50)67.17K