TRINET GROUP INC (TNET) Stock Technical Analysis
USA - NYSE:TNET - US8962881079 - Common Stock
68.03 USD
+0.09 (+0.13%)
68.03 USD
0 (0%)
Overall TNET gets a technical rating of 1 out of 10. 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.
89% of all other stocks performed better in the past year than TNET.
TNET is part of the Professional Services industry. There are 81 other stocks in this industry, of which 60% are performing better 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 67.13 - 72.84 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, TNET does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
62.20
76.75
We found 1 important support area.
- A support zone ranging from 62.83 to 63.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 68.64 to 69.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.02 from a trend line in the weekly time frame.
- A resistance zone ranging from 72.42 to 72.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @75.99 from a trend 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 | 11.2 | NEGATIVE | TNET has a low relative strength, it was outperformed by 88.8% 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) | UP | POSITIVE | The current price of TNET is above the rising 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) | 47.17 | NEUTRAL | The RSI value for TNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests TNET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.15 | OVERSOLD | The low Stochastics value suggests TNET may be oversold. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for TNET suggests some volalility. |
| Average Directional Index/ADX (14) | 25.58 | 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)
68.03
+0.09 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.13%
1 Week-0.04%
2 Weeks0.04%
1 Month-2.4%
3 Month-6.39%
6 Month-13.95%
12 Month-29.29%
2 Year-41.6%
3 Year-4.48%
5 Year14.68%
10 Year304.94%
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%2.69%
ATR Inc-30.27%
Range Today0.86
ADR(20)1.81
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.2
Mansfield-2.39
10 Day High71.75
10 Day Low67.13
20 Day High72.84
20 Day Low67.13
52 Week High99.78
52 Week Low62.55
CS1 End63.3
CR1 Start68.64
Volume & EV
DER(3)1.14%
DER(5)0.56%
Volume229.30K
Volume Incr15.13%
Vol(5)466.24K
Vol(50)474.67K