TERNA-RETE ELETTRICA NAZIONA (TRN.MI) Stock Technical Analysis
BIT:TRN - Euronext Milan - IT0003242622 - Common Stock - Currency: EUR
Overall TRN gets a technical rating of 3 out of 10. TRN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
TRN has an average volume of 3658620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, TRN outperforms 49% of them, which is more or less in line with the market.
TRN is an average performer in the Electric Utilities industry, it outperforms 43% of 17 stocks in the same industry.
TRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRN is lagging the market.
In the last month TRN has a been trading in a tight range between 8.35 and 8.85.
Considerably lower volume is observed in the last couple of days.
TRN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.45, a Stop Loss order could be placed below this zone.
More info and screens
7.01
9.16
5 important support areas can be observed.
- A support zone ranging from 8.42 to 8.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.08 from a trend line in the weekly time frame.
- A support zone ranging from 7.57 to 7.78. 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 @7.08 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.55 to 8.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.00 to 9.07. 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 | UP | POSITIVE | The long term trend for TRN.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRN.MI is down. |
| ChartMill Relative Strength | 49.76 | NEUTRAL | TRN.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRN.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRN.MI is below a declining 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) | 44.5 | NEUTRAL | The RSI value for TRN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRN.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.94 | NEUTRAL | The Stochastics value for TRN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for TRN.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 24.14 | NEUTRAL | The ADX value for TRN.MI suggests a possible start of a new 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)
BIT:TRN (7/18/2025, 5:35:15 PM)
8.508
+0.07 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.88%
1 Week0.78%
2 Weeks-0.35%
1 Month-3.89%
3 Month0.88%
6 Month8.13%
12 Month14.26%
2 Year10.67%
3 Year13.77%
5 Year34.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.36%
ATR Inc-4.3%
Range Today0.11
ADR(20)0.1
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.76
Mansfield-0.32
10 Day High8.56
10 Day Low8.35
20 Day High8.85
20 Day Low8.35
52 Week High9.1
52 Week Low7.36
CS1 End8.45
CR1 Start8.55
Volume & EV
DER(3)2.03%
DER(5)0.28%
Volume1.34M
Volume Incr-41.82%
Vol(5)2.14M
Vol(50)3.66M