TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
NYSE:TRN • US8965221091
Overall TRN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRN is showing a nice and steady performance.
- 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.
- TRN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, TRN did better than 81% of all other 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.
Although TRN has an excellent technical rating, the quality of the presented setup is 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
26.15
We found 3 important support areas.
- Support @34.14 from a horizontal line in the daily time frame.
- Support @27.44 from a trend line in the daily time frame.
- A support zone ranging from 26.41 to 26.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important 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 | 81.49 | POSITIVE | TRN has a high relative strength, it outperformed 81.49% 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) | UP | POSITIVE | The current price of TRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.5 | OVERBOUGHT | The high RSI value suggests TRN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests TRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.62 | OVERBOUGHT | The high Stochastics value suggests TRN may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 41.37 | POSITIVE | The high ADX value value for TRN suggests a strong trend. |
34.97
+0.82 (+2.4%)
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 78.5042. 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.