TRIMBLE INC (TRMB) Stock Technical Analysis
NASDAQ:TRMB - Nasdaq - US8962391004 - Common Stock - Currency: USD
Overall TRMB gets a technical rating of 8 out of 10. TRMB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that TRMB is one of the better performing stocks in the market, outperforming 81% of all stocks.
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.
In the last month TRMB has a been trading in the 69.33 - 73.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TRMB has an average volume of 1324840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRMB is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 62% 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
We found 4 important support areas.
- A support zone ranging from 70.55 to 71.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.72 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 72.09 to 72.25. 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 | 81.34 | POSITIVE | TRMB has a high relative strength, it outperformed 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TRMB is above a declining 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) | 55.49 | NEUTRAL | The RSI value for TRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests TRMB has a negative trend. |
| Stochastics (14,3) | 62.62 | NEUTRAL | The Stochastics value for TRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for TRMB suggests low volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for TRMB suggests a weak or negative 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 |
|---|---|---|---|
| 72.26 | 70.54 | 1.72 (2.38%) | 25.00% |
| An entry @72.26. This is a Buy Stop order right above the resistance zone. | An exit @70.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.72 points, which is 2.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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.
71.81
+0.11 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.15%
1 Week-1.16%
2 Weeks0.04%
1 Month-0.84%
3 Month1.64%
6 Month0.08%
12 Month27.72%
2 Year35.44%
3 Year23.13%
5 Year66.01%
10 Year205.63%
15 Year412.14%
Volatility
ATR(14)1.31
ATR(20)%1.8%
ATR Inc-9.6%
Range Today1.03
ADR(20)1.23
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.34
Mansfield0.56
10 Day High73.5
10 Day Low70.01
20 Day High73.5
20 Day Low69.33
52 Week High77.78
52 Week Low48.65
CS1 End71.68
CR1 Start72.09
Volume & EV
DER(3)-0.17%
DER(5)0.25%
Volume3.63M
Volume Incr-18.87%
Vol(5)984.76K
Vol(50)1.32M