TRINET GROUP INC (TNET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TNET - US8962881079 - Common Stock
We assign a technical rating of 2 out of 10 to TNET. Recently some decent action could be observed, but in the medium term time frame this is still negative. TNET was also a bad performer in the overall market in the last year.
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.
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53.96
We found 3 important support areas.
- A support zone ranging from 59.62 to 60.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.54 to 58.10. 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 54.51 to 54.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.48 to 63.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.75 from a trend line in the weekly time frame.
- Resistance @71.42 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 | UP | POSITIVE | The short term trend for TNET is up. |
| ChartMill Relative Strength | 16.63 | NEGATIVE | TNET has a low relative strength, it was outperformed by 83.37% 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 | MIXED | The current price of TNET is above 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) | 62.08 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests TNET has a positive trend. |
| Stochastics (14,3) | 85.48 | OVERBOUGHT | The high Stochastics value suggests TNET may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for TNET suggests a weak or negative trend. |
62.47
+0.42 (+0.68%)
TRINET GROUP INC / TNET FAQ
What is the technical rating for TNET stock?
ChartMill assigns a technical rating of 2 / 10 to TNET.
What is the trend direction for TNET stock?
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 62.078. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TRINET GROUP INC?
The short term momentum for TRINET GROUP INC (TNET) is positive.
What is the buy/sell signal for TNET stock?
The buy/sell signal for TRINET GROUP INC (TNET) is hold as the short term and long term trends are mixed.