Trecora Resources (TREC) Technical Analysis
NYSE:TREC • US8946481046
Current stock price
TREC Technical Rating and Analysis
Overall TREC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TREC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- TREC is part of the Chemicals industry. There are 83 other stocks in this industry. TREC outperforms 95% of them.
- A new 52 week high is currently being made by TREC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so TREC is leading the market.
- When comparing the yearly performance of all stocks, we notice that TREC is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month TREC has a been trading in a tight range between 9.60 and 9.82.
- Considerably lower volume is observed in the last couple of days.
TREC Weekly and Daily overview Charts
TREC Setup Rating and Analysis
TREC has an excellent technical rating, but the quality of the setup is only medium 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
TREC Support and Resistance Analysis
7.45
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.66 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.50 from a trend line in the weekly time frame.
- Support @8.26 from a horizontal line in the daily time frame.
- Support @8.03 from a trend line in the weekly time frame.
- A support zone ranging from 7.53 to 7.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.82 to 9.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
TREC 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 TREC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TREC is up. |
| ChartMill Relative Strength | 96.15 | POSITIVE | TREC has a high relative strength, it outperformed 96.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TREC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TREC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TREC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.72 | NEUTRAL | The RSI value for TREC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TREC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.9 | OVERBOUGHT | The high Stochastics value suggests TREC may be overbought. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for TREC suggests low volalility. |
TREC Chart- and CandleStick Pattern Analysis
TREC Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:TREC (6/24/2022, 8:11:00 PM)
9.81
0 (0%)
Trecora Resources / TREC TA FAQ
What is the technical rating for TREC stock?
ChartMill assigns a technical rating of 8 / 10 to TREC.
What is the current trend direction of Trecora Resources (TREC) stock?
The current trend direction for Trecora Resources (TREC) is Bullish.
What is the RSI signal for TREC stock?
Trecora Resources (TREC) has an RSI value of 62.7208. This indicates that the stock is currently neutral.
What is the MACD signal for Trecora Resources (TREC) stock?
The MACD indicator for Trecora Resources (TREC) has a value of -0.0233822, indicating a bearish trend.
Can you provide the support and resistance levels for Trecora Resources?
Trecora Resources (TREC) has a support level at 9.75 and a resistance level at 9.82. Check the full technical report for our detailed analysis of TREC support and resistance levels.