TEGNA INC (TGNA)
US87901J1051 - Common Stock
Overall TGNA gets a technical rating of 7 out of 10. In the last year, TGNA was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
TGNA is part of the Media industry. There are 92 other stocks in this industry. TGNA outperforms 75% of them.
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.
In the last month TGNA has a been trading in the 17.36 - 19.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TGNA has an average volume of 1689580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TGNA is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
TGNA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.72, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.14
19.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.36 to 17.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.51 from a trend line in the daily time frame.
- Support @14.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.58 to 18.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.32 to 19.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.42
Mansfield1.02
10 Day High19.06
10 Day Low17.36
20 Day High19.2
20 Day Low17.36
52 Week High19.62
52 Week Low12.35
Performance
1 Week-0.54%
2 Weeks-1.97%
1 Month-0.65%
3 Month21.37%
6 Month37.21%
12 Month20.42%
2 Year-13.17%
3 Year-0.86%
5 Year10.25%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)52.79
LBB17.78
UBB19.19
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 |
|---|---|---|---|
| 18.84 | 17.35 | 1.49 (7.91%) | 12.64% |
| An entry @18.84. This is a Buy Stop order right above the resistance zone. | An exit @17.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.49 points, which is 7.91%. | For a 1.00% total portfolio risk, you can invest 12.64% of your capital in this trade. |
- 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.
TEGNA INC
NYSE:TGNA (12/20/2024, 8:04:00 PM)
After market: 18.4 0 (0%)18.4
+0.27 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.49%
1 Week-0.54%
2 Weeks-1.97%
1 Month-0.65%
3 Month21.37%
6 Month37.21%
12 Month20.42%
2 Year-13.17%
3 Year-0.86%
5 Year10.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%2.62%
ATR Inc117.89%
Range Today0.64
ADR(20)0.45
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.42
Mansfield1.02
10 Day High19.06
10 Day Low17.36
20 Day High19.2
20 Day Low17.36
52 Week High19.62
52 Week Low12.35
CS1 End17.72
CR1 Start18.58
Volume & EV
DER(3)0.89%
DER(5)-0.47%
Volume6.20M
Volume Incr85.22%
Vol(5)2.51M
Vol(50)1.69M