TORTOISE ENERGY INFRASTRUCT (TYG) Stock Technical Analysis
USA - NYSE:TYG - US89147L8862
43.45 USD
-0.62 (-1.41%)
43.45 USD
0 (0%)
We assign a technical rating of 5 out of 10 to TYG. In the last year, TYG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, TYG outperforms 46% 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 trading in the upper part of its 52 week range, so TYG is lagging the market slightly.
In the last month TYG has a been trading in the 41.80 - 44.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
TYG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.05, a Stop Loss order could be placed below this zone.
More info and screens
36.66
44.84
3 important support areas can be observed.
- A support zone ranging from 43.00 to 43.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.46 to 42.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.03 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.51 to 44.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for TYG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TYG is neutral. |
| ChartMill Relative Strength | 46.22 | NEUTRAL | TYG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TYG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TYG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TYG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.97 | NEUTRAL | The RSI value for TYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TYG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.24 | NEUTRAL | The Stochastics value for TYG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for TYG suggests low volalility. |
| Average Directional Index/ADX (14) | 17.12 | 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)
43.45
-0.62 (-1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.41%
1 Week-2.12%
2 Weeks1.47%
1 Month2.45%
3 Month1.47%
6 Month7.18%
12 Month-3.34%
2 Year54.57%
3 Year29.55%
5 Year126.78%
10 Year-59.12%
15 Year-70.03%
Volatility
ATR(14)0.6
ATR(20)%1.4%
ATR Inc46.23%
Range Today0.64
ADR(20)0.57
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.22
3 months CRS67.81
6 months CRS57.47
Mansfield-0.62
10 Day High44.52
10 Day Low42.82
20 Day High44.52
20 Day Low41.8
52 Week High48.76
52 Week Low33.73
CS1 End43.05
CR1 Start43.51
Volume & EV
DER(3)-0.22%
DER(5)-1.9%
Volume111.01K
Volume Incr26.25%
Vol(5)114.88K
Vol(50)76.08K
TORTOISE ENERGY INFRASTRUCT / TYG FAQ
Can you provide the ChartMill technical rating for TORTOISE ENERGY INFRASTRUCT?
ChartMill assigns a technical rating of 5 / 10 to TYG.
Can you provide the trend direction for TORTOISE ENERGY INFRASTRUCT?
The current trend direction for TORTOISE ENERGY INFRASTRUCT (TYG) is Bullish.
What is the RSI signal for TORTOISE ENERGY INFRASTRUCT (TYG) stock?
TORTOISE ENERGY INFRASTRUCT (TYG) has an RSI value of 49.9719. This indicates that the stock is currently neutral.
What is the short term momentum for TORTOISE ENERGY INFRASTRUCT (TYG) stock?
The short term momentum for TORTOISE ENERGY INFRASTRUCT (TYG) is neutral.