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'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
79% of all other stocks performed better in the past year than TNET.
TNET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TNET has a been trading in the 77.35 - 86.78 range, which is quite wide. It is currently trading near the lows of this range.
TNET is an average performer in the Professional Services industry, it outperforms 48% of 82 stocks in the same industry.
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.
More info and screens
71.46
99.39
We found 2 important support areas.
- A support zone ranging from 78.75 to 78.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.18 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 80.26 to 82.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @84.43 from a trend line in the daily time frame.
- 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 @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 | 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 | 21.89 | NEGATIVE | TNET has a low relative strength, it was outperformed by 78.11% 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) | 39.14 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests TNET has a negative trend. |
| Stochastics (14,3) | 23.19 | NEUTRAL | The Stochastics value for TNET is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 21.96 | 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)
78.76
-0.07 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.09%
1 Week-4.82%
2 Weeks-4.11%
1 Month-6.1%
3 Month5.08%
6 Month-17.46%
12 Month-23.11%
2 Year-17.07%
3 Year1.47%
5 Year29.24%
10 Year210.69%
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%2.33%
ATR Inc60.36%
Range Today1.78
ADR(20)1.78
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.89
Mansfield-1.66
10 Day High84.08
10 Day Low77.35
20 Day High86.78
20 Day Low77.35
52 Week High116.26
52 Week Low65.43
CS1 End78.75
CR1 Start80.26
Volume & EV
DER(3)2.83%
DER(5)1.33%
Volume251.00K
Volume Incr-2.42%
Vol(5)250.10K
Vol(50)353.25K