TRN Technical Analysis - TRINITY INDUSTRIES INC

Technical Rating and Analysis

Overall TRN gets a technical rating of 3 out of 10. In the last year, TRN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

78% of all other stocks performed better in the past year than TRN.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

TRN is part of the Machinery industry. There are 130 other stocks in this industry, TRN did better than 40% of them.

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 27.05 and 28.47.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TRINITY INDUSTRIES INC / TRN Weekly stock chart

TRINITY INDUSTRIES INC / TRN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, TRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.92, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.92

29.94

When analyzing the support we can see 4 important areas.

A support zone ranging from 27.73 to 27.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @27.15 from a horizontal line in the daily time frame.
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 2 important resistance areas.

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.

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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	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	22.08	NEGATIVE	TRN has a low relative strength, it was outperformed by 77.92% 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)	DOWN	NEGATIVE	The current price of TRN is below a declining 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)	49.62	NEUTRAL	The RSI value for TRN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests TRN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.82	NEUTRAL	The Stochastics value for TRN is a neutral value.
Average True Range in percent/ATR (20)	1.91	LOW VOLATILITY	The low ATR as a percentage value for TRN suggests low volalility.
Average Directional Index/ADX (14)	10.29	NEGATIVE	The low ADX value for TRN suggests a weak or negative trend.