TRINET GROUP INC (TNET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TNET - US8962881079 - Common Stock
We assign a technical rating of 1 out of 10 to TNET. TNET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, TNET does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
53.96
We found 1 important support area.
- Support @54.51 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 57.26 to 61.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.13 from a trend line in the weekly 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 | 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 | 10.42 | NEGATIVE | TNET has a low relative strength, it was outperformed by 89.58% off all stocks 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) | 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) | 44.7 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests TNET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.44 | NEUTRAL | The Stochastics value for TNET is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for TNET suggests a possible start of a new trend. |
56.99
-0.73 (-1.26%)
TRINET GROUP INC / TNET FAQ
What is the technical rating for TNET stock?
ChartMill assigns a technical rating of 1 / 10 to TNET.
Can you provide the trend direction for TRINET GROUP INC?
The current trend direction for TRINET GROUP INC (TNET) is Bearish.
What is the RSI signal for TNET stock?
TRINET GROUP INC (TNET) has an RSI value of 44.6995. This indicates that the stock is currently neutral.
What is the MACD signal for TNET stock?
The MACD indicator for TRINET GROUP INC (TNET) has a value of 0.366368, indicating a bearish trend.
What is the buy/sell signal for TRINET GROUP INC (TNET) stock?
The buy/sell signal for TRINET GROUP INC (TNET) is sell as both the short term and long term trends are negative.