SPEEDWAY MOTORSPORTS INC (TRK) Stock Technical Analysis
NYSE:TRK - New York Stock Exchange, Inc. -
We assign a technical rating of 8 out of 10 to TRK. Both in the recent history as in the last year, TRK has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 however is also trading near new highs, which makes the performance in line with the market.
Looking at the yearly performance, TRK did better than 84% of all other 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.
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
20.05
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.
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
19.78
-0.07 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.35%
1 Week0.25%
2 Weeks0.41%
1 Month0.1%
3 Month6.4%
6 Month41.69%
12 Month11.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.24%
ATR Inc193.75%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.4
Mansfield0.63
10 Day High19.85
10 Day Low19.7
20 Day High19.85
20 Day Low19.7
52 Week High19.9
52 Week Low13.47
CS1 End19.75
CR1 Start19.82
Volume & EV
DER(3)1.24%
DER(5)1.13%
Volume245.40K
Volume Incr-66.96%
Vol(5)183.38K
Vol(50)320.89K