Overall TRFM gets a technical rating of 7 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, TRFM is showing a nice and steady performance.
Besides having an excellent technical rating, TRFM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 48.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
30.45
4 important support areas can be observed.
- A support zone ranging from 46.89 to 48.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.64 to 45.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.63 from a horizontal line in the daily time frame.
- Support @30.76 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.16 to 51.04. 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 TRFM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRFM is up. |
| ChartMill Relative Strength | 75.9 | POSITIVE | TRFM has a high relative strength, it outperformed 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRFM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TRFM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRFM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.61 | NEUTRAL | The RSI value for TRFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TRFM has a positive trend. |
| Stochastics (14,3) | 70.88 | NEUTRAL | The Stochastics value for TRFM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for TRFM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.72 | NEGATIVE | The low ADX value for TRFM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.34 | 46.18 | 3.16 (6.41%) | 15.59% |
| An entry @49.34. This is a Buy Stop order right above the 10 day high. | An exit @46.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.16 points, which is 6.41%. | When investing 15.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.5261
+0.06 (+0.12%)
AAM TRANSFORMERS ETF / TRFM FAQ
What is the technical rating for TRFM stock?
ChartMill assigns a technical rating of 7 / 10 to TRFM.
Can you provide the trend direction for AAM TRANSFORMERS ETF?
The current trend direction for AAM TRANSFORMERS ETF (TRFM) is Bullish.
Can you provide the RSI signal for AAM TRANSFORMERS ETF?
AAM TRANSFORMERS ETF (TRFM) has an RSI value of 53.6131. This indicates that the stock is currently neutral.
What is the short term momentum for TRFM stock?
The short term momentum for AAM TRANSFORMERS ETF (TRFM) is positive.
What is the buy/sell signal for TRFM stock?
The buy/sell signal for AAM TRANSFORMERS ETF (TRFM) is buy as both the short term and long term trends are positive.