TRIMBLE INC (TRMB) Stock Technical Analysis
NASDAQ:TRMB - US8962391004 - Common Stock
80.82 USD
-1.39 (-1.69%)
80.82 USD
0 (0%)
We assign a technical rating of 8 out of 10 to TRMB. 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 may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that TRMB is one of the better performing stocks in the market, outperforming 85% of all stocks.
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.
TRMB has an average volume of 1751780 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 125 other stocks in this industry, TRMB did better than 64% of them.
In the last month TRMB has a been trading in the 78.78 - 87.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 support zone below the current price at 80.81, 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
60.12
86.09
We found 2 important support areas.
- A support zone ranging from 79.14 to 80.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 80.85 to 82.45. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 85.1 | POSITIVE | TRMB has a high relative strength, it outperformed 85.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRMB is below a declining 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) | 46.04 | NEUTRAL | The RSI value for TRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests TRMB has a negative trend. |
| Stochastics (14,3) | 50.57 | NEUTRAL | The Stochastics value for TRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.62 | 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 |
|---|---|---|---|
| 82.46 | 79.13 | 3.33 (4.04%) | 24.76% |
| An entry @82.46. This is a Buy Stop order right above the resistance zone. | An exit @79.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.33 points, which is 4.04%. | For a 1.00% total portfolio risk, you can invest 24.76% 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.
80.82
-1.39 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.69%
1 Week-2.13%
2 Weeks-1.73%
1 Month-2.2%
3 Month13.4%
6 Month12.28%
12 Month42.56%
2 Year47.51%
3 Year27.78%
5 Year54.21%
10 Year327.62%
15 Year474.62%
Volatility
ATR(14)1.57
ATR(20)%2.5%
ATR Inc-36%
Range Today1.56
ADR(20)1.98
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.1
Mansfield0.51
10 Day High83.66
10 Day Low78.79
20 Day High87.5
20 Day Low78.79
52 Week High87.5
52 Week Low52.91
CS1 End80.81
CR1 Start80.85
Volume & EV
DER(3)-0.81%
DER(5)-0.78%
Volume1.21M
Volume Incr-15.99%
Vol(5)1.62M
Vol(50)1.75M