TEGNA INC - Daily - Technical analysis published on 06/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
39%
44%
17%
My opinion
Bearish under 15.36 USD
My targets
14.46 USD (-2.82%)
13.53 USD (-9.07%)
My analysis
The current short-term bearish acceleration registered on TEGNA INC should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 15.36 USD. Short-term sellers will use the support located at 14.46 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 13.53 USD. Crossing this support would then open the door for sellers to target 11.99 USD. Caution, if there is a return to below 15.36 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TEGNA INC rating 14.88 USD. On the day, this instrument gained +0.20% and was between 14.65 USD and 14.93 USD. This implies that the price is at +1.57% from its lowest and at -0.33% from its highest.14.65
14.93
14.88
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TEGNA INC:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TEGNA INC in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.99 | 13.53 | 14.46 | 14.88 | 15.36 | 16.44 | 18.02 |
| Change (%) | -19.42% | -9.07% | -2.82% | - | +3.23% | +10.48% | +21.10% |
| Change | -2.89 | -1.35 | -0.42 | - | +0.48 | +1.56 | +3.14 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.52 | 14.62 | 14.74 | 14.84 | 14.96 | 15.06 | 15.18 |
| Camarilla | 14.79 | 14.81 | 14.83 | 14.85 | 14.87 | 14.89 | 14.91 |
| Woodie | 14.52 | 14.62 | 14.74 | 14.85 | 14.96 | 15.06 | 15.18 |
| Fibonacci | 14.62 | 14.71 | 14.76 | 14.84 | 14.93 | 14.98 | 15.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.20 | 13.74 | 14.29 | 14.82 | 15.37 | 15.91 | 16.46 |
| Camarilla | 14.54 | 14.64 | 14.74 | 14.84 | 14.94 | 15.04 | 15.14 |
| Woodie | 13.21 | 13.74 | 14.30 | 14.83 | 15.38 | 15.91 | 16.47 |
| Fibonacci | 13.74 | 14.15 | 14.41 | 14.82 | 15.24 | 15.49 | 15.91 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.33 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -10.40 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 14.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.37 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 15.87 | |
| Zig ZAG (10): | 14.88 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 37.01 | |
| TEMA (21): | 14.69 | |
| Williams %R (14): | -54.14 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 0.9800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 6.37 |
| MA7: | 14.89 | |
| MA20: | 15.05 | |
| MA50: | 15.44 | |
| MA100: | 14.58 | |
| MAexp7: | 14.86 | |
| MAexp20: | 15.03 | |
| MAexp50: | 15.07 | |
| MAexp100: | 14.53 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -3.63% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -1.00% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | +2.41% |
News
The last news published on TEGNA INC at the time of the generation of this analysis was as follows:
- Boyd Huppert Wins 3 Prestigious National Murrow Awards for KARE 11 Reporting, Writing
- KARE 11 Announces New Anchor And Format Change
- KARE 11 Honored With 8 Regional Edward R. Murrow Awards
- KARE 11 To Debut Feature Length Documentary "LOVE THEM FIRST: Lessons From Lucy Laney Elementary" at MSPIFF
- KARE 11 Debuts Breaking the News Special “Never Again: The School Shooting Generation”
This member declared not having a position on this financial instrument or a related financial instrument.
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