TRINITY CAPITAL INC (TRIN) Stock Technical Analysis
USA - NASDAQ:TRIN - US8964423086 - Common Stock
We assign a technical rating of 1 out of 10 to TRIN. TRIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
TRIN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 14.58, a Stop Loss order could be placed below this zone.
More info and screens
13.21
3 important support areas can be observed.
- A support zone ranging from 14.39 to 14.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.04 from a horizontal line in the daily time frame.
- A support zone ranging from 13.34 to 13.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.90 to 15.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.01 to 16.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 16.56 to 16.56. 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 | NEUTRAL | NEUTRAL | The long term trend for TRIN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRIN is down. |
| ChartMill Relative Strength | 35.73 | NEUTRAL | TRIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRIN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.75 | NEUTRAL | The RSI value for TRIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRIN has a negative trend. |
| Stochastics (14,3) | 11.78 | OVERSOLD | The low Stochastics value suggests TRIN may be oversold. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TRIN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.23 | NEUTRAL | The ADX value for TRIN suggests a possible start of a new trend. |
14.6
+0.19 (+1.32%)
TRINITY CAPITAL INC / TRIN FAQ
Can you provide the ChartMill technical rating for TRINITY CAPITAL INC?
ChartMill assigns a technical rating of 1 / 10 to TRIN.
Can you provide the trend direction for TRINITY CAPITAL INC?
The current trend direction for TRINITY CAPITAL INC (TRIN) is Bearish.
What is the RSI signal for TRINITY CAPITAL INC (TRIN) stock?
TRINITY CAPITAL INC (TRIN) has an RSI value of 40.7454. This indicates that the stock is currently neutral.
What are the support and resistance levels for TRINITY CAPITAL INC (TRIN) stock?
TRINITY CAPITAL INC (TRIN) has a support level at 14.58 and a resistance level at 14.9. Check the full technical report for our detailed analysis of TRIN support and resistance levels.