NYSE:TRN - US8965221091 - Common Stock
Overall TRN gets a technical rating of 6 out of 10. In the last year, TRN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, TRN does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
24.13
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice 2 important areas.
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 TRN is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRN is up. |
ChartMill Relative Strength | 34.07 | NEUTRAL | TRN is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRN is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRN is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRN is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 56.63 | NEUTRAL | The RSI value for TRN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TRN has a negative trend. |
Stochastics (14,3) | 52.06 | NEUTRAL | The Stochastics value for TRN is a neutral value. |
Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
Average Directional Index/ADX (14) | 13.06 | NEGATIVE | The low ADX value for TRN suggests a weak or negative trend. |
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 |
---|---|---|---|
29.04 | 27.71 | 1.34 (4.60%) | 21.75% |
An entry @29.04. This is a Buy Stop order right above the resistance zone. | An exit @27.70. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.34 points, which is 4.60%. | For a 1.00% total portfolio risk, you can invest 21.75% of your capital in this trade. |
28.57
-0.02 (-0.07%)