TRINITY INDUSTRIES INC (TRN) Technical Analysis
NYSE:TRN • US8965221091
Current stock price
TRN Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to TRN. TRN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month TRN has a been trading in the 29.04 - 35.32 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, TRN turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- TRN is part of the Machinery industry. There are 131 other stocks in this industry, TRN did better than 47% of them.
- TRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRN is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
TRN Weekly and Daily overview Charts
TRN Setup Rating and Analysis
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.
More info and screens
TRN Support and Resistance Analysis
26.50
3 important support areas can be observed.
- 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 @28.04 from a trend line in the daily time frame.
- A support zone ranging from 26.77 to 27.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.98 to 30.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.68 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for TRN is down. |
| ChartMill Relative Strength | 53.37 | NEUTRAL | TRN is not amongst the best or worst performers 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 | MIXED | The current price of TRN is below 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) | 36.91 | NEUTRAL | The RSI value for TRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests TRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.91 | OVERSOLD | The low Stochastics value suggests TRN may be oversold. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for TRN suggests some volalility. |
| Average Directional Index/ADX (14) | 35.73 | POSITIVE | The high ADX value value for TRN suggests a strong trend. |
TRN Chart- and CandleStick Pattern Analysis
TRN Technicals: Chart, Performance Metrics, Trend & Indicators
29.97
+0.46 (+1.56%)
TRINITY INDUSTRIES INC / TRN TA FAQ
What is the ChartMill technical rating of TRINITY INDUSTRIES INC (TRN) stock?
ChartMill assigns a technical rating of 4 / 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 36.9061. 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 negative.
What is the buy/sell signal for TRINITY INDUSTRIES INC (TRN) stock?
The buy/sell signal for TRINITY INDUSTRIES INC (TRN) is hold as the short term and long term trends are mixed.