TRUSTMARK CORP (TRMK) Technical Analysis
NASDAQ:TRMK • US8984021027
Current stock price
TRMK Technical Rating and Analysis
Taking everything into account, TRMK scores 7 out of 10 in our technical rating. In the last year, TRMK was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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.
- When comparing the yearly performance of all stocks, we notice that TRMK is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by TRMK over the past year are nicely spread over this period.
- TRMK is part of the Banks industry. There are 380 other stocks in this industry. TRMK outperforms 75% of them.
- TRMK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRMK is performing more or less in line with the market.
- In the last month TRMK has a been trading in the 40.01 - 43.72 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.
TRMK Weekly and Daily overview Charts
TRMK Setup Rating and Analysis
TRMK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 40.66, a Stop Loss order could be placed below this zone.
More info and screens
TRMK Support and Resistance Analysis
34.01
When analyzing the support we can see 5 important areas.
- A support zone ranging from 40.64 to 40.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.34 from a trend line in the daily time frame.
- Support @38.70 from a horizontal 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 @34.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.74 to 44.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
TRMK Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for TRMK is neutral. |
| ChartMill Relative Strength | 77.77 | POSITIVE | TRMK has a high relative strength, it outperformed 77.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRMK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRMK is below 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) | 48.04 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TRMK has a positive trend. |
| Stochastics (14,3) | 74.4 | NEUTRAL | The Stochastics value for TRMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for TRMK suggests a possible start of a new trend. |
TRMK Chart- and CandleStick Pattern Analysis
TRMK Example Setup
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 |
|---|---|---|---|
| 42.78 | 40.63 | 2.15 (5.03%) | 19.90% |
| An entry @42.78. This is a Buy Stop order right above the 10 day high. | An exit @40.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.15 points, which is 5.03%. | For a 1.00% total portfolio risk, you can invest 19.90% 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.
TRMK Technicals: Chart, Performance Metrics, Trend & Indicators
41.81
-0.49 (-1.16%)
TRUSTMARK CORP / TRMK TA FAQ
Can you provide the ChartMill technical rating for TRUSTMARK CORP?
ChartMill assigns a technical rating of 7 / 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 48.0443. 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 neutral.
What are the support and resistance levels for TRUSTMARK CORP (TRMK) stock?
TRUSTMARK CORP (TRMK) has a support level at 40.66 and a resistance level at 44.74. Check the full technical report for our detailed analysis of TRMK support and resistance levels.