Overall TRMB gets a technical rating of 7 out of 10. Although TRMB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, TRMB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 82.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.26, a Stop Loss order could be placed below this zone.
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61.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 78.90 to 80.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.82 to 76.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.32 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @82.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 85.24 to 85.24. 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 | 65.07 | NEUTRAL | TRMB is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TRMB is above the rising 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) | 58.23 | NEUTRAL | The RSI value for TRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TRMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.5 | NEUTRAL | The Stochastics value for TRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for TRMB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 82.86 | 79.96 | 2.90 (3.50%) | 25.00% |
| An entry @82.86. This is a Buy Stop order right above the resistance zone. | An exit @79.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.90 points, which is 3.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of TRMB. Please evaluate whether better entry and exit points can be found.
- 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.
82.46
+1.02 (+1.25%)
TRIMBLE INC / TRMB FAQ
Can you provide the ChartMill technical rating for TRIMBLE INC?
ChartMill assigns a technical rating of 7 / 10 to TRMB.
What is the current trend direction of TRIMBLE INC (TRMB) stock?
The current trend direction for TRIMBLE INC (TRMB) is Bullish.
What is the RSI signal for TRMB stock?
TRIMBLE INC (TRMB) has an RSI value of 58.2273. This indicates that the stock is currently neutral.
What is the MACD signal for TRMB stock?
The MACD indicator for TRIMBLE INC (TRMB) has a value of 0.312386, indicating a bearish trend.
What is the support and resistance level for TRMB stock?
TRIMBLE INC (TRMB) has a support level at 80.26 and a resistance level at 82.85. Check the full technical report for our detailed analysis of TRMB support and resistance levels.