TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
NYSE:TRN • US8965221091
Overall TRN gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- TRN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TRN has a been trading in the 26.83 - 35.62 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that TRN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- TRN is an average performer in the Machinery industry, it outperforms 66% of 131 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.11
When analyzing the support we can see 2 important areas.
- Support @27.37 from a trend line in the daily time frame.
- A support zone ranging from 26.37 to 26.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.09 to 35.09. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRN is up. |
| ChartMill Relative Strength | 80.09 | POSITIVE | TRN has a high relative strength, it outperformed 80.09% off all stocks 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) | UP | POSITIVE | The current price of TRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.37 | OVERBOUGHT | The high RSI value suggests TRN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests TRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.04 | OVERBOUGHT | The high Stochastics value suggests TRN may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.63 | POSITIVE | The high ADX value value for TRN suggests a strong trend. |
34.29
-0.45 (-1.3%)
TRINITY INDUSTRIES INC / TRN FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 9 / 10 to TRN.
Can you provide the trend direction for TRINITY INDUSTRIES INC?
The current trend direction for TRINITY INDUSTRIES INC (TRN) is Bullish.
Can you provide the RSI signal for TRINITY INDUSTRIES INC?
TRINITY INDUSTRIES INC (TRN) has an RSI value of 77.3731. This indicates that the stock is currently overbought.
What is the short term momentum for TRN stock?
The short term momentum for TRINITY INDUSTRIES INC (TRN) is positive.
What is the buy/sell signal for TRINITY INDUSTRIES INC (TRN) stock?
The buy/sell signal for TRINITY INDUSTRIES INC (TRN) is buy as both the short term and long term trends are positive.