THOMSON REUTERS CORP (TRI) Technical Analysis
NASDAQ:TRI • CA8849038085
We assign a technical rating of 2 out of 10 to TRI. In the past year, TRI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 88% of all other stocks performed better in the past year than TRI.
- TRI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRI is lagging the market.
- In the last month TRI has a been trading in the 79.71 - 113.35 range, which is quite wide. It is currently trading near the high of this range.
- TRI has an average volume of 2659310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- TRI is an average performer in the Professional Services industry, it outperforms 44% of 87 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
110.40
We can see 2 important resistance areas.
- A resistance zone ranging from 111.53 to 111.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @120.40 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for TRI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRI is up. |
| ChartMill Relative Strength | 12.72 | NEGATIVE | TRI has a low relative strength, it was outperformed by 87.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TRI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.56 | NEUTRAL | The RSI value for TRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.79 | POSITIVE | The MACD value suggests TRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.33 | OVERBOUGHT | The high Stochastics value suggests TRI may be overbought. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for TRI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.51 | POSITIVE | The high ADX value value for TRI suggests a strong trend. |
TRI Technicals: Chart, Performance Metrics, Trend & Indicators
111.52
+0.06 (+0.05%)
THOMSON REUTERS CORP / TRI FAQ
What is the technical rating for TRI stock?
ChartMill assigns a technical rating of 2 / 10 to TRI.
What is the trend direction for TRI stock?
The current trend direction for THOMSON REUTERS CORP (TRI) is Bearish.
Can you provide the RSI signal for THOMSON REUTERS CORP?
THOMSON REUTERS CORP (TRI) has an RSI value of 62.5598. This indicates that the stock is currently neutral.
Can you provide the short term momentum for THOMSON REUTERS CORP?
The short term momentum for THOMSON REUTERS CORP (TRI) is positive.
Can you provide the buy/sell signal for THOMSON REUTERS CORP?
The buy/sell signal for THOMSON REUTERS CORP (TRI) is hold as the short term and long term trends are mixed.