TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRN - US8965221091 - Common Stock
Overall TRN gets a technical rating of 5 out of 10. In the last year, TRN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
TRN has an average technical rating and it also does not offer a high quality setup 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.
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23.92
When analyzing the support we can see 5 important areas.
- A support zone ranging from 27.46 to 28.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.71 to 27.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.79 to 26.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.59 to 24.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.16 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @28.43 from a horizontal line in the weekly time frame.
- Resistance @29.37 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for TRN is up. |
| ChartMill Relative Strength | 21.65 | NEGATIVE | TRN has a low relative strength, it was outperformed by 78.35% 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 | MIXED | The current price of TRN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.69 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.14 | NEUTRAL | The Stochastics value for TRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for TRN suggests a strong trend. |
28.32
-1.05 (-3.58%)
TRINITY INDUSTRIES INC / TRN FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 5 / 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 54.687. 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 positive.