Trine Acquisition Corp Cl A (TRNE) Technical Analysis
NYSE:TRNE
Current stock price
TRNE Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TRNE. Both in the recent history as in the last year, TRNE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TRNE did better than 96% of all other stocks.
- TRNE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TRNE has a been trading in the 10.24 - 25.42 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TRNE has an average volume of 1738930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TRNE Weekly and Daily overview Charts
TRNE Setup Rating and Analysis
Although TRNE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
TRNE Support and Resistance Analysis
9.60
2 important support areas can be observed.
- A support zone ranging from 9.90 to 10.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.70 from a horizontal line in the weekly time frame.
TRNE 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 TRNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRNE is up. |
| ChartMill Relative Strength | 96.14 | POSITIVE | TRNE has a high relative strength, it outperformed 96.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 96.91 | OVERBOUGHT | The high RSI value suggests TRNE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.41 | POSITIVE | The MACD value suggests TRNE has a positive trend. |
| Stochastics (14,3) | 96.82 | OVERBOUGHT | The high Stochastics value suggests TRNE may be overbought. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for TRNE suggests high volalility. |
TRNE Chart- and CandleStick Pattern Analysis
TRNE Technicals: Chart, Performance Metrics, Trend & Indicators
24.77
+1.22 (+5.18%)
Trine Acquisition Corp Cl A / TRNE TA FAQ
What is the technical rating for TRNE stock?
ChartMill assigns a technical rating of 9 / 10 to TRNE.
Can you provide the trend direction for Trine Acquisition Corp Cl A?
The current trend direction for Trine Acquisition Corp Cl A (TRNE) is Bullish.
What is the RSI signal for Trine Acquisition Corp Cl A (TRNE) stock?
Trine Acquisition Corp Cl A (TRNE) has an RSI value of 96.9132. This indicates that the stock is currently overbought.
What is the MACD signal for TRNE stock?
The MACD indicator for Trine Acquisition Corp Cl A (TRNE) has a value of 1.41137, indicating a bullish trend.
What is the short term momentum for Trine Acquisition Corp Cl A (TRNE) stock?
The short term momentum for Trine Acquisition Corp Cl A (TRNE) is positive.