TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRN - US8965221091 - Common Stock
We assign a technical rating of 0 out of 10 to TRN. TRN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TRN has a poor technical rating and the quality of the setup is also only medium 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.
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23.92
We found 3 important support areas.
- Support @25.14 from a trend line in the daily time frame.
- Support @24.59 from a horizontal line in the weekly time frame.
- Support @24.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 26.84 to 27.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.14 from a trend line in the daily time frame.
- A resistance zone ranging from 28.90 to 29.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.64 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for TRN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRN is neutral. |
| ChartMill Relative Strength | 17.39 | NEGATIVE | TRN has a low relative strength, it was outperformed by 82.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TRN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRN is below a declining 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) | 52.34 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests TRN has a positive trend. |
| Stochastics (14,3) | 76.16 | NEUTRAL | The Stochastics value for TRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.39 | POSITIVE | The high ADX value value for TRN suggests a strong trend. |
26.47
+0.09 (+0.34%)
TRINITY INDUSTRIES INC / TRN FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 0 / 10 to TRN.
What is the trend direction for TRN stock?
The current trend direction for TRINITY INDUSTRIES INC (TRN) is Bearish.
Can you provide the RSI signal for TRINITY INDUSTRIES INC?
TRINITY INDUSTRIES INC (TRN) has an RSI value of 52.3393. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRINITY INDUSTRIES INC?
The MACD indicator for TRINITY INDUSTRIES INC (TRN) has a value of 0.167369, indicating a bearish trend.
What is the support and resistance level for TRN stock?
TRINITY INDUSTRIES INC (TRN) has a support level at 25.14 and a resistance level at 26.84. Check the full technical report for our detailed analysis of TRN support and resistance levels.