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.
TRMK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that TRMK is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TRMK is an average performer in the Banks industry, it outperforms 60% of 394 stocks in the same industry.
TRMK has an excellent technical rating and also presents a decent setup pattern. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.23
40.38
When analyzing the support we can see 6 important areas.
- A support zone ranging from 38.25 to 38.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.53 to 36.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.89 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 @33.09 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 38.83 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 | 71.37 | POSITIVE | TRMK has a high relative strength, it outperformed 71.37% 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) | 63.95 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TRMK has a negative trend. |
| Stochastics (14,3) | 77.53 | NEUTRAL | The Stochastics value for TRMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 39.61 | 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)
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 |
|---|---|---|---|
| 39.99 | 38.24 | 1.75 (4.38%) | 22.85% |
| An entry @39.99. This is a Buy Stop order right above the resistance zone. | An exit @38.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.75 points, which is 4.38%. | When investing 22.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
38.55
+0.25 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.65%
1 Week0.6%
2 Weeks-0.1%
1 Month13.78%
3 Month17.71%
6 Month9.33%
12 Month14.19%
2 Year46.8%
3 Year18.73%
5 Year71.18%
10 Year60.36%
15 Year75.23%
Volatility
ATR(14)1.12
ATR(20)%2.6%
ATR Inc44.71%
Range Today0.76
ADR(20)0.98
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.37
Mansfield0.19
10 Day High39.04
10 Day Low36.82
20 Day High39.04
20 Day Low33.84
52 Week High40.73
52 Week Low29.77
CS1 End38.32
CR1 Start38.83
Volume & EV
DER(3)-0.42%
DER(5)-1.33%
Volume378.30K
Volume Incr-11.55%
Vol(5)298.08K
Vol(50)296.51K