TRUSTMARK CORP (TRMK) Technical Analysis
NASDAQ:TRMK • US8984021027
Current stock price
TRMK Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to TRMK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRMK is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that TRMK is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by TRMK over the past year are nicely spread over this period.
- TRMK is one of the better performing stocks in the Banks industry, it outperforms 70% of 376 stocks in the same industry.
- 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 42.40 - 45.99 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.82, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
TRMK Support and Resistance Analysis
34.35
6 important support areas can be observed.
- A support zone ranging from 44.62 to 44.82. 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 41.71 to 42.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.34 to 40.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.29 from a horizontal line in the daily time frame.
- Support @36.46 from a horizontal line in the daily time frame.
- Support @34.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.30 to 45.51. 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 | 72.63 | POSITIVE | TRMK has a high relative strength, it outperformed 72.63% 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) | 56.69 | NEUTRAL | The RSI value for TRMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TRMK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.27 | NEUTRAL | The Stochastics value for TRMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | 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 |
|---|---|---|---|
| 45.52 | 44.61 | 0.91 (2.00%) | 25.00% |
| An entry @45.52. This is a Buy Stop order right above the resistance zone. | An exit @44.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.91 points, which is 2.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of TRMK. Please evaluate whether better entry and exit points can be found.
- 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
44.91
+0.54 (+1.22%)
TRUSTMARK CORP / TRMK TA FAQ
Can you provide the ChartMill technical rating for TRUSTMARK CORP?
ChartMill assigns a technical rating of 9 / 10 to TRMK.
What is the trend direction for TRMK stock?
The current trend direction for TRUSTMARK CORP (TRMK) is Bullish.
Can you provide the RSI signal for TRUSTMARK CORP?
TRUSTMARK CORP (TRMK) has an RSI value of 56.6894. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRUSTMARK CORP?
The MACD indicator for TRUSTMARK CORP (TRMK) has a value of -0.0803633, indicating a bearish trend.