TRIMBLE INC (TRMB) Stock Technical Analysis
USA - NASDAQ:TRMB - US8962391004 - Common Stock
82.15 USD
-0.63 (-0.76%)
82 USD
-0.15 (-0.18%)
Taking everything into account, TRMB scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, TRMB did better than 80% of all other stocks. We also observe that the gains produced by TRMB over the past year are nicely spread over this period.
TRMB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRMB is lagging the market slightly.
In the last month TRMB has a been trading in the 77.88 - 83.68 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 1696970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRMB is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, TRMB did better than 54% of them.
Besides having an excellent technical rating, TRMB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 85.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRMB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
60.91
86.09
3 important support areas can be observed.
- A support zone ranging from 80.32 to 82.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.57 from a horizontal line in the daily time frame.
- Support @61.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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 | 80.33 | POSITIVE | TRMB has a high relative strength, it outperformed 80.33% 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) | 53.33 | NEUTRAL | The RSI value for TRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests TRMB has a positive trend. |
| Stochastics (14,3) | 74.43 | NEUTRAL | The Stochastics value for TRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for TRMB suggests low volalility. |
| Average Directional Index/ADX (14) | 12.73 | 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 |
|---|---|---|---|
| 85.25 | 80.31 | 4.94 (5.79%) | 17.26% |
| An entry @85.25. This is a Buy Stop order right above the resistance zone. | An exit @80.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.94 points, which is 5.79%. | When investing 17.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
82.15
-0.63 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.76%
1 Week1.41%
2 Weeks1.06%
1 Month-0.52%
3 Month8.59%
6 Month25.38%
12 Month33.25%
2 Year52.53%
3 Year51.37%
5 Year68.69%
10 Year400.31%
15 Year368.89%
Volatility
ATR(14)1.74
ATR(20)%1.99%
ATR Inc3.3%
Range Today1.83
ADR(20)1.55
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.33
Mansfield0.2
10 Day High83.68
10 Day Low78.77
20 Day High83.68
20 Day Low77.88
52 Week High87.5
52 Week Low52.91
CS1 End82.06
CR1 Start85.24
Volume & EV
DER(3)3.44%
DER(5)2.35%
Volume1.17M
Volume Incr6.72%
Vol(5)1.52M
Vol(50)1.70M