TRINITY INDUSTRIES INC (TRN) Technical Analysis
NYSE:TRN • US8965221091
Current stock price
TRN Technical Rating and Analysis
Taking everything into account, TRN scores 9 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TRN is one of the better performing stocks in the market, outperforming 80% of all stocks.
- TRN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRN is performing more or less in line with the market.
- In the last month TRN has a been trading in the 29.04 - 33.45 range, which is quite wide. It is currently trading near the high of this range.
- TRN is an average performer in the Machinery industry, it outperforms 69% of 131 stocks in the same industry.
TRN Weekly and Daily overview Charts
TRN Setup Rating and Analysis
Although TRN has an excellent technical rating, it does not present a decent entry opportunity 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
26.79
We found 5 important support areas.
- A support zone ranging from 30.85 to 31.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.22 from a trend line in the weekly time frame.
- A support zone ranging from 29.49 to 29.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.53 from a trend line in the daily time frame.
- A support zone ranging from 27.06 to 27.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @34.52 from a trend line in the weekly time frame.
- A resistance zone ranging from 35.09 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 | UP | POSITIVE | The short term trend for TRN is up. |
| ChartMill Relative Strength | 80.75 | POSITIVE | TRN has a high relative strength, it outperformed 80.75% 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) | 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) | 61.13 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests TRN has a positive trend. |
| Stochastics (14,3) | 91.1 | OVERBOUGHT | The high Stochastics value suggests TRN may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for TRN suggests a possible start of a new trend. |
TRN Chart- and CandleStick Pattern Analysis
TRN Technicals: Chart, Performance Metrics, Trend & Indicators
32.97
-0.05 (-0.15%)
TRINITY INDUSTRIES INC / TRN TA FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 9 / 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 61.1313. 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 0.26237, 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 positive.