TRINET GROUP INC (TNET) Stock Technical Analysis
USA - NYSE:TNET - US8962881079 - Common Stock
60 USD
-1.23 (-2.01%)
60 USD
0 (0%)
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: 87% of all stocks are doing 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 57.77 - 67.45 range, which is quite wide. It is currently trading near the lows of this range.
TNET is part of the Professional Services industry. There are 86 other stocks in this industry, TNET did better than 49% of them.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, TNET does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
59.40
67.74
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 61.51 to 62.24. 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 63.34 to 64.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.60 to 67.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 13.28 | NEGATIVE | TNET has a low relative strength, it was outperformed by 86.72% 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) | 40.09 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TNET has a negative trend. |
| Stochastics (14,3) | 28.05 | NEUTRAL | The Stochastics value for TNET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 23.1 | NEUTRAL | The ADX value for TNET suggests a possible start of a new 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)
60
-1.23 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-2.01%
1 Week-5.26%
2 Weeks-1.98%
1 Month-9.12%
3 Month-5.21%
6 Month-25.43%
12 Month-28.6%
2 Year-41.61%
3 Year-7.66%
5 Year-12.94%
10 Year216.12%
15 YearN/A
Volatility
ATR(14)2.36
ATR(20)%3.66%
ATR Inc-2.04%
Range Today1.7
ADR(20)2.2
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.28
3 months CRS19.39
6 months CRS8.41
Mansfield-3.18
10 Day High65.53
10 Day Low57.77
20 Day High67.45
20 Day Low57.77
52 Week High98.51
52 Week Low57.77
CS1 EndN/A
CR1 Start61.51
Volume & EV
DER(3)-1.79%
DER(5)-1.9%
Volume715.62K
Volume Incr81.61%
Vol(5)590.06K
Vol(50)402.88K
TRINET GROUP INC / TNET FAQ
What is the technical rating for TNET stock?
ChartMill assigns a technical rating of 0 / 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 40.0887. 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 -0.00731281, 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.