TRUSTMARK CORP (TRMK) Stock Technical Analysis
NASDAQ:TRMK - Nasdaq - US8984021027 - Common Stock - Currency: USD
Taking everything into account, TRMK scores 8 out of 10 in our technical rating. 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.
In the last month TRMK has a been trading in the 33.39 - 38.97 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that TRMK is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
TRMK is an average performer in the Banks industry, it outperforms 62% of 394 stocks in the same industry.
TRMK has an excellent technical rating, but the quality of the setup is only medium 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
30.63
40.38
We found 6 important support areas.
- A support zone ranging from 35.22 to 36.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.59 from a trend line in the daily time frame.
- A support zone ranging from 33.63 to 33.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.94 from a trend line in the weekly time frame.
- Support @31.55 from a horizontal line in the weekly time frame.
- Support @30.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.29 to 39.98. 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 TRMK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRMK is up. |
| ChartMill Relative Strength | 79.94 | POSITIVE | TRMK has a high relative strength, it outperformed 79.94% 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) | 67.87 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests TRMK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.66 | OVERBOUGHT | The high Stochastics value suggests TRMK may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 40.22 | POSITIVE | The high ADX value value for TRMK suggests a strong 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)
38.32
-0.38 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.98%
1 Week-0.7%
2 Weeks5.19%
1 Month9.86%
3 Month22.74%
6 Month15.39%
12 Month21.54%
2 Year45.93%
3 Year18.02%
5 Year70.16%
10 Year59.4%
15 Year74.18%
Volatility
ATR(14)0.94
ATR(20)%2.23%
ATR Inc-34.01%
Range Today0.45
ADR(20)0.81
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.94
Mansfield0.2
10 Day High38.97
10 Day Low35.96
20 Day High38.97
20 Day Low33.39
52 Week High40.73
52 Week Low29.77
CS1 End36.28
CR1 Start39.29
Volume & EV
DER(3)-1.28%
DER(5)-0.98%
Volume201.00K
Volume Incr-29.58%
Vol(5)240.00K
Vol(50)292.13K