TRI Technical Analysis - TRIGANO SA

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to TRI. TRI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month TRI has a been trading in the 140.30 - 155.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: TRI has an average volume of 11906 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

TRI is one of the better performing stocks in the Automobiles industry, it outperforms 71% of 29 stocks in the same industry.

TRI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRI is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, TRI outperforms 54% of them, which is more or less in line with the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of TRI is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

138.89

164.63

We found 1 important support area.

A support zone ranging from 140.29 to 140.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 144.73 to 146.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 161.31 to 163.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TRI.PA is down.
ChartMill Relative Strength	54.2	NEUTRAL	TRI.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TRI.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TRI.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TRI.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	31.94	NEUTRAL	The RSI value for TRI.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.29	NEGATIVE	The MACD value suggests TRI.PA has a negative trend.
Stochastics (14,3)	32.24	NEUTRAL	The Stochastics value for TRI.PA is a neutral value.
Average True Range in percent/ATR (20)	1.94	LOW VOLATILITY	The low ATR as a percentage value for TRI.PA suggests low volalility.
Average Directional Index/ADX (14)	29.73	POSITIVE	The high ADX value value for TRI.PA suggests a strong trend.