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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TNET is a bad performer in the overall market: 92% of all stocks are doing better.
TNET is part of the Professional Services industry. There are 82 other stocks in this industry, of which 77% are performing better than TNET.
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 67.96 - 79.13 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
68.02
99.18
5 important resistance areas can be observed.
- A resistance zone ranging from 71.96 to 72.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 73.97 to 75.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.00 to 79.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.17 to 82.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @98.20 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 | 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 | 8.35 | NEGATIVE | TNET has a low relative strength, it was outperformed by 91.65% 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) | 28.04 | OVERSOLD | The low RSI value suggests TNET may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests TNET has a negative trend. |
| Stochastics (14,3) | 8.21 | OVERSOLD | The low Stochastics value suggests TNET may be oversold. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 34.03 | 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)
68.71
-2.49 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-3.5%
1 Week-7.6%
2 Weeks-6.42%
1 Month-12.84%
3 Month-12.62%
6 Month-23.51%
12 Month-32.08%
2 Year-34.7%
3 Year-16.72%
5 Year4.11%
10 Year155.62%
15 YearN/A
Volatility
ATR(14)2.14
ATR(20)%3.15%
ATR Inc8.67%
Range Today2.92
ADR(20)2.09
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.35
Mansfield-2.72
10 Day High76.09
10 Day Low67.96
20 Day High79.13
20 Day Low67.96
52 Week High116.26
52 Week Low65.43
CS1 EndN/A
CR1 Start71.96
Volume & EV
DER(3)1.82%
DER(5)3.13%
Volume429.60K
Volume Incr16.94%
Vol(5)443.90K
Vol(50)341.65K