TORTOISE ENERGY INFRASTRUCT (TYG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TYG - US89147L8862
Taking everything into account, TYG scores 0 out of 10 in our technical rating. TYG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TYG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
36.66
2 important support areas can be observed.
- Support @39.53 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 41.68 to 42.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.03 to 44.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 31.42 | 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) | 26.78 | OVERSOLD | The low RSI value suggests TYG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests TYG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.77 | OVERSOLD | The low Stochastics value suggests TYG may be oversold. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for TYG suggests low volalility. |
| Average Directional Index/ADX (14) | 31.36 | POSITIVE | The high ADX value value for TYG suggests a strong trend. |
41.33
+0.61 (+1.5%)
TORTOISE ENERGY INFRASTRUCT / TYG FAQ
Can you provide the ChartMill technical rating for TORTOISE ENERGY INFRASTRUCT?
ChartMill assigns a technical rating of 0 / 10 to TYG.
Can you provide the trend direction for TORTOISE ENERGY INFRASTRUCT?
The current trend direction for TORTOISE ENERGY INFRASTRUCT (TYG) is Bearish.
What is the RSI signal for TORTOISE ENERGY INFRASTRUCT (TYG) stock?
TORTOISE ENERGY INFRASTRUCT (TYG) has an RSI value of 26.7839. This indicates that the stock is currently oversold.
What is the short term momentum for TORTOISE ENERGY INFRASTRUCT (TYG) stock?
The short term momentum for TORTOISE ENERGY INFRASTRUCT (TYG) is negative.