TRITERRAS INC-CLASS A (TRIT) Technical Analysis
NASDAQ:TRIT
Current stock price
TRIT Technical Rating and Analysis
Overall TRIT gets a technical rating of 0 out of 10. TRIT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TRIT is a bad performer in the overall market: 99% of all stocks are doing better.
- TRIT is one of the lesser performing stocks in the Software industry. 87% of 271 stocks in the same industry do better.
- TRIT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TRIT has a been trading in the 1.52 - 2.47 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
TRIT Weekly and Daily overview Charts
TRIT Setup Rating and Analysis
TRIT has a poor technical rating and the quality of the setup is also not perfect 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
TRIT Support and Resistance Analysis
1.57
When analyzing the support we notice one important area.
- A support zone ranging from 1.59 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @1.88 from a horizontal line in the daily time frame.
TRIT 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 | DOWN | NEGATIVE | The long term trend for TRIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRIT is down. |
| ChartMill Relative Strength | 1.6 | NEGATIVE | TRIT has a low relative strength, it was outperformed by 98.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.64 | NEUTRAL | The RSI value for TRIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TRIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.21 | NEUTRAL | The Stochastics value for TRIT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.26 | HIGH VOLATILITY | The high ATR as a percentage value for TRIT suggests high volalility. |
TRIT Chart- and CandleStick Pattern Analysis
TRIT Technicals: Chart, Performance Metrics, Trend & Indicators
1.64
-0.18 (-9.89%)
TRITERRAS INC-CLASS A / TRIT TA FAQ
What is the technical rating for TRIT stock?
ChartMill assigns a technical rating of 0 / 10 to TRIT.
What is the current trend direction of TRITERRAS INC-CLASS A (TRIT) stock?
The current trend direction for TRITERRAS INC-CLASS A (TRIT) is Bearish.
What is the RSI signal for TRIT stock?
TRITERRAS INC-CLASS A (TRIT) has an RSI value of 32.6375. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRITERRAS INC-CLASS A?
The MACD indicator for TRITERRAS INC-CLASS A (TRIT) has a value of 0.0488331, indicating a bearish trend.
Can you provide the support and resistance levels for TRITERRAS INC-CLASS A?
TRITERRAS INC-CLASS A (TRIT) has a support level at 1.59 and a resistance level at 1.88. Check the full technical report for our detailed analysis of TRIT support and resistance levels.