Tegna Technical Analysis (NYSE:TGNA)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Tegna stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TGNA stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Tegna. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Tegna stock analysis.
Tegna Moving Average:
Moving averages show the average price of TGNA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling TGNA moving average implies that Tegna stock price is falling.
Tegna Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TGNA stock. Tegna bollinger bands show that the stock price is $12.79, upper band is 60.76, lower band is 53.42, and the average is 57.09.
Tegna Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Tegna MACD line is above the signal line.
Tegna Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 49.66 is the RSI value of TGNA stock. .