SPEEDWAY MOTORSPORTS INC (TRK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRK -
We assign a technical rating of 8 out of 10 to TRK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRK is showing a nice and steady performance.
Although TRK has an excellent technical rating, the quality of the presented setup is not ideal 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
18.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.35 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.81 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.82 to 19.85. 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 | UP | POSITIVE | The long term trend for TRK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRK is up. |
| ChartMill Relative Strength | 84.4 | POSITIVE | TRK has a high relative strength, it outperformed 84.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.88 | NEUTRAL | The RSI value for TRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TRK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.16 | NEUTRAL | The Stochastics value for TRK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for TRK suggests low volalility. |
19.78
-0.07 (-0.35%)
SPEEDWAY MOTORSPORTS INC / TRK FAQ
Can you provide the ChartMill technical rating for SPEEDWAY MOTORSPORTS INC?
ChartMill assigns a technical rating of 7 / 10 to TRK.
What is the trend direction for TRK stock?
The current trend direction for SPEEDWAY MOTORSPORTS INC (TRK) is Bullish.
What is the RSI signal for SPEEDWAY MOTORSPORTS INC (TRK) stock?
SPEEDWAY MOTORSPORTS INC (TRK) has an RSI value of 58.8831. This indicates that the stock is currently neutral.
What is the short term momentum for TRK stock?
The short term momentum for SPEEDWAY MOTORSPORTS INC (TRK) is positive.
What are the support and resistance levels for SPEEDWAY MOTORSPORTS INC (TRK) stock?
SPEEDWAY MOTORSPORTS INC (TRK) has a support level at 19.75 and a resistance level at 19.82. Check the full technical report for our detailed analysis of TRK support and resistance levels.