Trecora Resources (TREC) Stock Technical Analysis
NYSE:TREC - New York Stock Exchange, Inc. - US8946481046 - Common Stock
Taking everything into account, TREC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TREC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
TREC is one of the better performing stocks in the Chemicals industry, it outperforms 96% of 85 stocks in the same industry.
TREC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 overall good ranking is mostly due to the recent strong 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 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
7.45
9.92
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.
We found 1 important resistance 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.
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. |
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)
NYSE:TREC (6/24/2022, 8:11:00 PM)
9.81
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0%
1 Week0.72%
2 Weeks1.03%
1 Month0.72%
3 Month15.28%
6 Month20.96%
12 Month16.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.55%
ATR Inc-32.41%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.15
Mansfield2.9
10 Day High9.82
10 Day Low9.6
20 Day High9.82
20 Day Low9.6
52 Week High9.82
52 Week Low7.46
CS1 End9.75
CR1 Start9.82
Volume & EV
DER(3)-6.03%
DER(5)-3.42%
Volume42.40K
Volume Incr-76.12%
Vol(5)117.38K
Vol(50)328.40K