TRINET GROUP INC (TNET) Stock Technical Analysis
NYSE:TNET - New York Stock Exchange, Inc. - US8962881079 - Common Stock - Currency: USD
Overall TNET gets a technical rating of 6 out of 10. In the past year, TNET was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the performance of all stocks over the past year, TNET turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
TNET is part of the Professional Services industry. There are 82 other stocks in this industry, TNET did better than 64% of them.
TNET is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNET is lagging the market slightly.
In the last month TNET has a been trading in the 74.14 - 88.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TNET has an average technical rating and also the quality of the setup is only medium 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
71.46
99.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 78.46 to 79.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 72.18 to 73.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 85.99 to 86.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @90.03 from a trend line in the daily time frame.
- Resistance @93.44 from a trend line in the daily time frame.
- Resistance @98.41 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TNET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNET is up. |
| ChartMill Relative Strength | 59.05 | NEUTRAL | TNET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNET is above the rising 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) | 55.2 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests TNET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.44 | OVERBOUGHT | The high Stochastics value suggests TNET may be overbought. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 33.12 | 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)
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 |
|---|---|---|---|
| 84.29 | 81.38 | 2.92 (3.46%) | 25.00% |
| An entry @84.29. This is a Buy Stop order right above the 10 day moving average. | An exit @81.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.92 points, which is 3.46%. | For a 0.87% 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 TNET. 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.
81.82
-1.29 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-1.55%
1 Week-0.92%
2 Weeks2.66%
1 Month8.17%
3 Month24.96%
6 Month-10.63%
12 Month-22.72%
2 Year-6.48%
3 Year5.82%
5 Year54.68%
10 Year177.68%
15 YearN/A
Volatility
ATR(14)2.34
ATR(20)%3.64%
ATR Inc-17.32%
Range Today1.23
ADR(20)2.84
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.05
Mansfield-1.07
10 Day High86.78
10 Day Low81.39
20 Day High88.56
20 Day Low74.14
52 Week High116.26
52 Week Low65.43
CS1 End79.06
CR1 Start85.99
Volume & EV
DER(3)-1.67%
DER(5)-1.54%
Volume250.96K
Volume Incr-28.85%
Vol(5)310.26K
Vol(50)452.30K