TERNA-RETE ELETTRICA NAZIONA (TRN.MI) Stock Technical Analysis
BIT:TRN - Euronext Milan - IT0003242622 - Common Stock - Currency: EUR
Taking everything into account, TRN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TRN has proven to be a steady performer, scoring decent points in every aspect analyzed.
TRN is part of the Electric Utilities industry. There are 15 other stocks in this industry, of which 71% are performing better than TRN.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TRN is one of the better performing stocks in the market, outperforming 77% of all stocks.
TRN 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 TRN is performing more or less in line with the market.
TRN 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.
TRN has an average volume of 4156930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TRN has a been trading in a tight range between 8.79 and 9.10.
Besides having an excellent technical rating, TRN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.91, a Stop Loss order could be placed below this zone.
More info and screens
7.15
9.15
We found 7 important support areas.
- A support zone ranging from 8.87 to 8.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.15 from a horizontal line in the daily time frame.
- Support @8.02 from a trend line in the weekly time frame.
- A support zone ranging from 7.77 to 7.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.60 to 7.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.43 from a horizontal line in the weekly time frame.
- Support @7.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.94 to 9.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 TRN.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRN.MI is up. |
| ChartMill Relative Strength | 77.7 | POSITIVE | TRN.MI has a high relative strength, it outperformed 77.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRN.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRN.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRN.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.47 | NEUTRAL | The RSI value for TRN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRN.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.26 | NEUTRAL | The Stochastics value for TRN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for TRN.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for TRN.MI 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)
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 |
|---|---|---|---|
| 9.07 | 8.86 | 0.21 (2.32%) | 25.00% |
| An entry @9.07. This is a Buy Stop order right above the resistance zone. | An exit @8.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.21 points, which is 2.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- 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.
BIT:TRN (6/19/2025, 7:00:00 PM)
8.932
+0.05 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.61%
1 Week0.02%
2 Weeks0.65%
1 Month0.07%
3 Month10.98%
6 Month17.37%
12 Month17.43%
2 Year14.42%
3 Year19.28%
5 Year46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.16%
ATR Inc-2.42%
Range Today0.11
ADR(20)0.1
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.7
Mansfield0.69
10 Day High8.98
10 Day Low8.79
20 Day High9.1
20 Day Low8.79
52 Week High9.1
52 Week Low7.16
CS1 End8.91
CR1 Start8.94
Volume & EV
DER(3)1.61%
DER(5)1.12%
Volume2.93M
Volume Incr-12.94%
Vol(5)3.30M
Vol(50)4.16M