Overall TRMK gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TRMK is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- TRMK 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 TRMK is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that TRMK is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- TRMK is an average performer in the Banks industry, it outperforms 52% of 383 stocks in the same industry.
- In the last month TRMK has a been trading in the 38.47 - 43.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TRMK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
31.23
We found 6 important support areas.
- A support zone ranging from 39.73 to 40.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.70 from a horizontal line in the daily time frame.
- Support @38.06 from a trend line in the daily time frame.
- A support zone ranging from 36.46 to 37.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.56 from a trend line in the weekly time frame.
- Support @31.55 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.90 to 41.32. This zone is formed by a combination of multiple trend lines and important moving averages 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 TRMK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRMK is up. |
| ChartMill Relative Strength | 70.53 | POSITIVE | TRMK has a high relative strength, it outperformed 70.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRMK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRMK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRMK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.4 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TRMK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.34 | NEUTRAL | The Stochastics value for TRMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for TRMK suggests a weak or negative trend. |
40.82
-1.72 (-4.04%)
TRUSTMARK CORP / TRMK FAQ
Can you provide the ChartMill technical rating for TRUSTMARK CORP?
ChartMill assigns a technical rating of 8 / 10 to TRMK.
What is the current trend direction of TRUSTMARK CORP (TRMK) stock?
The current trend direction for TRUSTMARK CORP (TRMK) is Bullish.
What is the RSI signal for TRUSTMARK CORP (TRMK) stock?
TRUSTMARK CORP (TRMK) has an RSI value of 52.4026. This indicates that the stock is currently neutral.
What is the short term momentum for TRMK stock?
The short term momentum for TRUSTMARK CORP (TRMK) is positive.
What are the support and resistance levels for TRUSTMARK CORP (TRMK) stock?
TRUSTMARK CORP (TRMK) has a support level at 40.36 and a resistance level at 40.9. Check the full technical report for our detailed analysis of TRMK support and resistance levels.