TRINITY INDUSTRIES INC (TRN) Stock Technical Analysis
USA - NYSE:TRN - US8965221091 - Common Stock
28.04 USD
+0.24 (+0.86%)
28.04 USD
0 (0%)
We assign a technical rating of 3 out of 10 to TRN. TRN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
80% of all other stocks performed better in the past year than TRN.
TRN is part of the Machinery industry. There are 129 other stocks in this industry, of which 63% are performing better than TRN.
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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRN is lagging the market.
In the last month TRN has a been trading in a tight range between 27.50 and 28.92.
Although the technical rating is bad, TRN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 27.89, a Stop Loss order could be placed below this zone.
More info and screens
23.92
29.94
3 important support areas can be observed.
- A support zone ranging from 27.49 to 27.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 can see 3 important resistance areas.
- A resistance zone ranging from 28.07 to 28.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
- Resistance @29.64 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 | NEUTRAL | NEUTRAL | The short term trend for TRN is neutral. |
| ChartMill Relative Strength | 20.06 | NEGATIVE | TRN has a low relative strength, it was outperformed by 79.94% 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 | 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) | 50.19 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.52 | NEUTRAL | The Stochastics value for TRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for TRN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
28.04
+0.24 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.86%
1 Week-0.04%
2 Weeks-0.39%
1 Month-1.99%
3 Month3.93%
6 Month-1.44%
12 Month-18.42%
2 Year15.15%
3 Year31.33%
5 Year43.79%
10 Year23.69%
15 Year151.82%
Volatility
ATR(14)0.63
ATR(20)%2.33%
ATR Inc-46.85%
Range Today0.37
ADR(20)0.65
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.06
Mansfield-1.78
10 Day High28.79
10 Day Low27.51
20 Day High28.92
20 Day Low27.51
52 Week High39.83
52 Week Low22.38
CS1 End27.89
CR1 Start28.07
Volume & EV
DER(3)1.75%
DER(5)0.92%
Volume267.93K
Volume Incr-28.14%
Vol(5)396.09K
Vol(50)678.69K