SPEEDWAY MOTORSPORTS INC (TRK) Technical Analysis
NYSE:TRK
Current stock price
TRK Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- TRK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TRK is leading the market.
- When comparing the yearly performance of all stocks, we notice that TRK is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month TRK has a been trading in a tight range between 19.70 and 19.85.
- Considerably lower volume is observed in the last couple of days.
TRK Weekly and Daily overview Charts
TRK Setup Rating and Analysis
TRK has an excellent technical rating, but the quality of the setup is only medium 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
TRK Support and Resistance Analysis
18.62
We found 2 important support 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.
We found 1 important resistance 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.
TRK 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 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. |
TRK Chart- and CandleStick Pattern Analysis
TRK Technicals: Chart, Performance Metrics, Trend & Indicators
19.78
-0.07 (-0.35%)
SPEEDWAY MOTORSPORTS INC / TRK TA 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 current trend direction of SPEEDWAY MOTORSPORTS INC (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 MACD signal for TRK stock?
The MACD indicator for SPEEDWAY MOTORSPORTS INC (TRK) has a value of -0.0141827, indicating a bearish trend.
What is the buy/sell signal for SPEEDWAY MOTORSPORTS INC (TRK) stock?
The buy/sell signal for SPEEDWAY MOTORSPORTS INC (TRK) is buy as both the short term and long term trends are positive.