TRINITY INDUSTRIES INC (TRN) Technical Analysis
NYSE:TRN • US8965221091
Current stock price
TRN Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to TRN. In the last year, TRN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TRN has a been trading in the 30.63 - 35.06 range, which is quite wide. It is currently trading near the lows 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 72% of all stocks. On top of that, TRN also shows a nice and consistent pattern of rising prices.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- TRN is an average performer in the Machinery industry, it outperforms 59% of 131 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.
TRN Weekly and Daily overview Charts
TRN Setup Rating and Analysis
TRN has an average technical rating and the quality of the presented setup is also not ideal 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
TRN Support and Resistance Analysis
27.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 30.75 to 30.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.20 from a trend line in the daily time frame.
- A support zone ranging from 27.46 to 27.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @34.21 from a trend line in the weekly time frame.
- A resistance zone ranging from 35.08 to 35.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
TRN Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for TRN is down. |
| ChartMill Relative Strength | 72.04 | POSITIVE | TRN has a high relative strength, it outperformed 72.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRN is below 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) | UP | POSITIVE | The current price of TRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.59 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TRN has a negative trend. |
| Stochastics (14,3) | 13.94 | OVERSOLD | The low Stochastics value suggests TRN may be oversold. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for TRN suggests a weak or negative trend. |
TRN Chart- and CandleStick Pattern Analysis
TRN Technicals: Chart, Performance Metrics, Trend & Indicators
30.76
-0.64 (-2.04%)
TRINITY INDUSTRIES INC / TRN TA FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 5 / 10 to TRN.
What is the current trend direction of TRINITY INDUSTRIES INC (TRN) stock?
The current trend direction for TRINITY INDUSTRIES INC (TRN) is Bullish.
What is the RSI signal for TRN stock?
TRINITY INDUSTRIES INC (TRN) has an RSI value of 40.5858. 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 -0.267632, indicating a bearish trend.
Can you provide the short term momentum for TRINITY INDUSTRIES INC?
The short term momentum for TRINITY INDUSTRIES INC (TRN) is negative.