TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
USA - NYSE:TRN - US8965221091 - Common Stock
We assign a technical rating of 4 out of 10 to TRN. TRN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
TRN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 28.10, a Stop Loss order could be placed below this zone.
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23.92
4 important support areas can be observed.
- A support zone ranging from 27.78 to 28.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.15 from a horizontal 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.
We found 1 important resistance area.
- 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.
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 | 22.51 | NEGATIVE | TRN has a low relative strength, it was outperformed by 77.49% 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) | DOWN | NEGATIVE | The current price of TRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.89 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TRN has a positive trend. |
| Stochastics (14,3) | 73.32 | NEUTRAL | The Stochastics value for TRN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for TRN suggests low volalility. |
| Average Directional Index/ADX (14) | 10.17 | NEGATIVE | The low ADX value for TRN suggests a weak or negative trend. |
28.27
+0.18 (+0.64%)
TRINITY INDUSTRIES INC / TRN FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 4 / 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 53.8876. 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 0.0370819, indicating a bearish trend.
What is the support and resistance level for TRN stock?
TRINITY INDUSTRIES INC (TRN) has a support level at 28.1 and a resistance level at 28.9. Check the full technical report for our detailed analysis of TRN support and resistance levels.