TRIMBLE INC (TRMB) Stock Technical Analysis
USA - NASDAQ:TRMB - US8962391004 - Common Stock
We assign a technical rating of 5 out of 10 to TRMB. In the last year, TRMB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
TRMB has only a medium technical rating, but it does show 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 79.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.53, a Stop Loss order could be placed below this zone.
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61.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 79.16 to 79.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.63 to 76.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.68 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 79.98 to 80.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for TRMB is neutral. |
| ChartMill Relative Strength | 56.75 | 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 | MIXED | The current price of TRMB is below 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) | 49.87 | NEUTRAL | The RSI value for TRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TRMB has a positive trend. |
| Stochastics (14,3) | 58.85 | NEUTRAL | The Stochastics value for TRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for TRMB suggests a weak or negative trend. |
79.58
-0.12 (-0.15%)
TRIMBLE INC / TRMB FAQ
Can you provide the ChartMill technical rating for TRIMBLE INC?
ChartMill assigns a technical rating of 5 / 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 49.8721. 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 0.0341884, indicating a bearish trend.
What is the support and resistance level for TRMB stock?
TRIMBLE INC (TRMB) has a support level at 79.53 and a resistance level at 79.98. Check the full technical report for our detailed analysis of TRMB support and resistance levels.