TRINET GROUP INC (TNET) Stock Technical Analysis
NYSE:TNET - New York Stock Exchange, Inc. - US8962881079 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to TNET. TNET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TNET is a bad performer in the overall market: 93% of all stocks are doing better.
TNET is one of the lesser performing stocks in the Professional Services industry. 75% of 82 stocks in the same industry do better.
TNET is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TNET has a been trading in the 62.72 - 72.33 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of TNET is bad and it also does not present a quality setup 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
62.39
81.66
When analyzing the support we notice one important area.
- A support zone ranging from 63.02 to 63.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @67.65 from a trend line in the daily time frame.
- A resistance zone ranging from 70.23 to 71.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 80.03 to 80.85. 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 | DOWN | NEGATIVE | The long term trend for TNET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TNET is down. |
| ChartMill Relative Strength | 7.66 | NEGATIVE | TNET has a low relative strength, it was outperformed by 92.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TNET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TNET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.26 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TNET has a negative trend. |
| Stochastics (14,3) | 5.17 | OVERSOLD | The low Stochastics value suggests TNET may be oversold. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 31.1 | POSITIVE | The high ADX value value for TNET suggests a strong trend. |
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)
63.43
+0.4 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.63%
1 Week-8.18%
2 Weeks-3.89%
1 Month-11.46%
3 Month-22.58%
6 Month-27.93%
12 Month-32.18%
2 Year-42.82%
3 Year-23.02%
5 Year-6.5%
10 Year276.66%
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%3.09%
ATR Inc-50.16%
Range Today0.97
ADR(20)1.86
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.66
Mansfield-3.06
10 Day High71.35
10 Day Low62.72
20 Day High72.33
20 Day Low62.72
52 Week High104.06
52 Week Low62.72
CS1 End63.29
CR1 Start67.65
Volume & EV
DER(3)-3.21%
DER(5)-4.04%
Volume387.00K
Volume Incr-5.89%
Vol(5)509.06K
Vol(50)441.16K