Trecora Resources (TREC) Technical Analysis
NYSE:TREC • US8946481046
Current stock price
TREC Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- TREC is one of the better performing stocks in the Chemicals industry, it outperforms 96% of 82 stocks in the same industry.
- A new 52 week high is currently being made by TREC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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
Although TREC has an excellent technical rating, the quality of the presented setup is not ideal 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.
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.
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 trend direction for TREC stock?
The current trend direction for Trecora Resources (TREC) is Bullish.
What is the RSI signal for Trecora Resources (TREC) stock?
Trecora Resources (TREC) has an RSI value of 62.7208. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Trecora Resources?
The buy/sell signal for Trecora Resources (TREC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for TREC stock?
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.