TRI-PR-B Technical Analysis - THOMSON REUTERS CORP - TRICN 4.95 PERP

Technical Rating and Analysis

Overall TRI-PR-B gets a technical rating of 8 out of 10. Although TRI-PR-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: TRI-PR-B has an average volume of 6376 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

TRI-PR-B 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.

In the last month TRI-PR-B has a been trading in the 14.38 - 15.68 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, TRI-PR-B outperforms 53% of them, which is more or less in line with the market.

TRI-PR-B is an average performer in the Professional Services industry, it outperforms 60% of 6 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

THOMSON REUTERS CORP - TRICN 4.95 PERP / TRI-PR-B Weekly stock chart

THOMSON REUTERS CORP - TRICN 4.95 PERP / TRI-PR-B Daily stock chart

Setup Rating and Analysis

Although TRI-PR-B has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

13.26

15.84

When analyzing the support we can see 4 important areas.

A support zone ranging from 14.25 to 15.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Strong support @13.99 from a horizontal line in the daily time frame.
Support @13.67 from a horizontal line in the daily time frame.
Strong support @13.39 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

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 TRI-PR-B.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TRI-PR-B.CA is up.
ChartMill Relative Strength	53.72	NEUTRAL	TRI-PR-B.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TRI-PR-B.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TRI-PR-B.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TRI-PR-B.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	77.23	OVERBOUGHT	The high RSI value suggests TRI-PR-B.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests TRI-PR-B.CA has a positive trend.
Stochastics (14,3)	97.74	OVERBOUGHT	The high Stochastics value suggests TRI-PR-B.CA may be overbought.
Average True Range in percent/ATR (20)	0.9	LOW VOLATILITY	The low ATR as a percentage value for TRI-PR-B.CA suggests low volalility.
Average Directional Index/ADX (14)	30.35	POSITIVE	The high ADX value value for TRI-PR-B.CA suggests a strong trend.