TRE Technical Analysis - TREASURE ASA

Technical Rating and Analysis

Taking everything into account, TRE scores 4 out of 10 in our technical rating. TRE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month TRE has a been trading in the 33.00 - 38.50 range, which is quite wide. It is currently trading near the lows of this range.

Warning: TRE has an average volume of 5370 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

TRE is part of the Air Freight & Logistics industry. There are 15 other stocks in this industry. TRE outperforms 85% of them.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, TRE outperforms 68% of them, which is more or less in line with the market.

TRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRE is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

TRE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.51. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

26.83

36.99

When analyzing the support we can see 4 important areas.

Support @33.09 from a horizontal line in the daily time frame.
Support @29.54 from a trend line in the weekly time frame.
Support @27.86 from a trend line in the weekly time frame.
Support @27.10 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 36.51 to 36.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for TRE.OL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TRE.OL is down.
ChartMill Relative Strength	68.5	NEUTRAL	TRE.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TRE.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of TRE.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TRE.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.53	NEUTRAL	The RSI value for TRE.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests TRE.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.18	NEUTRAL	The Stochastics value for TRE.OL is a neutral value.
Average True Range in percent/ATR (20)	4.5	MEDIUM VOLATILITY	The ATR as a percentage value for TRE.OL suggests some volalility.
Average Directional Index/ADX (14)	34.7	POSITIVE	The high ADX value value for TRE.OL suggests a strong trend.