TRUSTMARK CORP (TRMK) Stock Technical Analysis
USA - NASDAQ:TRMK - US8984021027 - Common Stock
37.51 USD
+0.83 (+2.26%)
37.51 USD
0 (0%)
Taking everything into account, TRMK scores 2 out of 10 in our technical rating. 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.
In the last month TRMK has a been trading in the 36.33 - 41.06 range, which is quite wide. It is currently trading near the lows of this range.
TRMK is one of the better performing stocks in the Banks industry, it outperforms 70% of 391 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, TRMK outperforms 53% of them, which is more or less in line with the market.
TRMK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRMK is lagging the market.
The technical rating of TRMK is bad and it also does not present a quality setup 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
41.48
4 important support areas can be observed.
- Support @37.50 from a horizontal line in the weekly time frame.
- Support @36.67 from a horizontal line in the daily time frame.
- Support @33.31 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 2 important areas.
- A resistance zone ranging from 38.67 to 39.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for TRMK is down. |
| ChartMill Relative Strength | 53.03 | NEUTRAL | TRMK is not amongst the best or worst performers 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) | 40.22 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests TRMK has a negative trend. |
| Stochastics (14,3) | 27.87 | NEUTRAL | The Stochastics value for TRMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for TRMK 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)
37.51
+0.83 (+2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.26%
1 Week-0.29%
2 Weeks-5.4%
1 Month-7.82%
3 Month-2.7%
6 Month14.53%
12 Month8.16%
2 Year86.52%
3 Year2.57%
5 Year60.37%
10 Year56.1%
15 Year69.81%
Volatility
ATR(14)1.17
ATR(20)%2.75%
ATR Inc73.13%
Range Today0.98
ADR(20)1.01
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.03
Mansfield-0.7
10 Day High40.45
10 Day Low36.33
20 Day High41.07
20 Day Low36.33
52 Week High41.34
52 Week Low29.77
CS1 End37.5
CR1 Start38.67
Volume & EV
DER(3)4.41%
DER(5)3.24%
Volume332.90K
Volume Incr-3.79%
Vol(5)286.44K
Vol(50)270.77K