TRUSTMARK CORP (TRMK) Stock Technical Analysis
USA - NASDAQ:TRMK - US8984021027 - Common Stock
We assign a technical rating of 2 out of 10 to TRMK. TRMK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, TRMK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.46, a Stop Loss order could be placed below this zone.
More info and screens
31.23
We found 3 important support areas.
- A support zone ranging from 36.46 to 38.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.67 from a trend line in the weekly time frame.
- Support @31.55 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.83 to 39.10. 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 40.70 to 41.07. 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 | NEUTRAL | NEUTRAL | The long term trend for TRMK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRMK is neutral. |
| ChartMill Relative Strength | 42.52 | NEUTRAL | TRMK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TRMK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRMK is below a declining 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) | 52.07 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests TRMK has a positive trend. |
| Stochastics (14,3) | 81.01 | OVERBOUGHT | The high Stochastics value suggests TRMK may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for TRMK suggests a weak or negative trend. |
38.66
-0.51 (-1.3%)
TRUSTMARK CORP / TRMK FAQ
Can you provide the ChartMill technical rating for TRUSTMARK CORP?
ChartMill assigns a technical rating of 2 / 10 to TRMK.
Can you provide the trend direction for TRUSTMARK CORP?
The current trend direction for TRUSTMARK CORP (TRMK) is Bearish.
What is the RSI signal for TRUSTMARK CORP (TRMK) stock?
TRUSTMARK CORP (TRMK) has an RSI value of 52.0736. This indicates that the stock is currently neutral.
What is the short term momentum for TRUSTMARK CORP (TRMK) stock?
The short term momentum for TRUSTMARK CORP (TRMK) is neutral.