TEGNA INC (TGNA)
US87901J1051 - Common Stock
We assign a technical rating of 9 out of 10 to TGNA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TGNA is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
TGNA is one of the better performing stocks in the Media industry, it outperforms 75% of 92 stocks in the same industry.
TGNA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TGNA is lagging the market slightly.
TGNA has an average volume of 2621150 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 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month TGNA has a been trading in the 15.97 - 19.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TGNA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
13.93
19.02
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.26 to 18.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.79 from a trend line in the daily time frame.
- A support zone ranging from 16.06 to 16.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @18.83 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.77
Mansfield0.99
10 Day High19.43
10 Day Low17.36
20 Day High19.62
20 Day Low15.97
52 Week High19.62
52 Week Low12.35
Performance
1 Week2.26%
2 Weeks-4.14%
1 Month14.18%
3 Month32%
6 Month29.15%
12 Month16.62%
2 Year-6.18%
3 Year-6.23%
5 Year20.65%
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)-0.03
RSI(14)63.79
LBB16.2
UBB19.8
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 | 18.25 | 0.59 (3.13%) | 25.00% |
| An entry @18.84. This is a Buy Stop order right above the resistance zone. | An exit @18.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.59 points, which is 3.13%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TGNA. Please evaluate whether better entry and exit points can be found.
- 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 (11/21/2024, 6:30:00 PM)
After market: 18.52 0 (0%)18.52
+0.41 (+2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.26%
1 Week2.26%
2 Weeks-4.14%
1 Month14.18%
3 Month32%
6 Month29.15%
12 Month16.62%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.7
ATR(20)%3.39%
ATR Inc
Range Today0.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High19.43
10 Day Low17.36
20 Day High19.62
20 Day Low15.97
52 Week High19.62
52 Week Low12.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.52M
Volume Incr-27.4%
Vol(5)1.39M
Vol(50)2.62M