TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRN - US8965221091 - Common Stock
Taking everything into account, TRN scores 2 out of 10 in our technical rating. 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.
- 84% of all other stocks performed better in the past year than TRN.
- TRN is one of the lesser performing stocks in the Machinery industry. 73% of 132 stocks in the same industry do better.
- TRN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month TRN has a been trading in the 26.22 - 29.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, TRN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.44, a Stop Loss order could be placed below this zone.
More info and screens
25.73
When analyzing the support we notice one important area.
- A support zone ranging from 25.99 to 26.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 27.18 to 27.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.27 to 28.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 29.00 to 29.37. 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 | NEUTRAL | NEUTRAL | The long term trend for TRN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRN is neutral. |
| ChartMill Relative Strength | 16.39 | NEGATIVE | TRN has a low relative strength, it was outperformed by 83.61% 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) | UP | MIXED | The current price of TRN is below 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) | 45.17 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TRN has a negative trend. |
| Stochastics (14,3) | 30.05 | NEUTRAL | The Stochastics value for TRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for TRN suggests a weak or negative trend. |
27.03
-0.54 (-1.96%)
TRINITY INDUSTRIES INC / TRN FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 2 / 10 to TRN.
Can you provide the trend direction for TRINITY INDUSTRIES INC?
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 45.1677. This indicates that the stock is currently neutral.
What is the short term momentum for TRN stock?
The short term momentum for TRINITY INDUSTRIES INC (TRN) is neutral.