TRIMBLE INC (TRMB) Stock Technical Analysis
NASDAQ:TRMB - Nasdaq - US8962391004 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to TRMB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRMB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
TRMB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRMB is performing more or less in line with the market.
TRMB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TRMB has an average volume of 1518320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TRMB is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TRMB is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 66% of 125 stocks in the same industry.
TRMB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 71.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.55, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
49.51
78.26
4 important support areas can be observed.
- A support zone ranging from 69.62 to 70.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.12 from a trend line in the weekly time frame.
- Support @54.15 from a horizontal line in the daily time frame.
- Support @50.01 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 71.44 to 71.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @75.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 77.42 to 77.49. 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 TRMB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRMB is up. |
| ChartMill Relative Strength | 83.83 | POSITIVE | TRMB has a high relative strength, it outperformed 83.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TRMB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.87 | NEUTRAL | The RSI value for TRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TRMB has a negative trend. |
| Stochastics (14,3) | 78.19 | NEUTRAL | The Stochastics value for TRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.71 | POSITIVE | The high ADX value value for TRMB suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 71.99 | 69.61 | 2.38 (3.31%) | 25.00% |
| An entry @71.99. This is a Buy Stop order right above the resistance zone. | An exit @69.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.38 points, which is 3.31%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
71.27
-0.39 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.54%
1 Week0.68%
2 Weeks0.04%
1 Month13.96%
3 Month-0.99%
6 Month-2.33%
12 Month28%
2 Year52.71%
3 Year4.73%
5 Year82.18%
10 Year204.05%
15 Year396.14%
Volatility
ATR(14)1.38
ATR(20)%2.18%
ATR Inc-32.83%
Range Today1.07
ADR(20)1.37
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.83
Mansfield0.73
10 Day High72.39
10 Day Low69.33
20 Day High72.39
20 Day Low62
52 Week High77.78
52 Week Low48.65
CS1 End70.55
CR1 Start71.44
Volume & EV
DER(3)-2.11%
DER(5)-0.91%
Volume2.80M
Volume Incr5.53%
Vol(5)1.46M
Vol(50)1.52M