Trine Acquisition Corp Cl A (TRNE) Stock Technical Analysis
NYSE:TRNE - New York Stock Exchange, Inc. -
Overall TRNE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRNE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that TRNE is one of the better performing stocks in the market, outperforming 96% of all 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.
Although TRNE has an excellent technical rating, it does not offer a high quality setup 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
9.60
25.02
When analyzing the support we can see 2 important areas.
- 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.
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. |
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)
24.77
+1.22 (+5.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.18%
1 Week85.4%
2 Weeks114.46%
1 Month137.72%
3 Month98.16%
6 Month147.08%
12 Month148.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%5.79%
ATR Inc284.18%
Range Today4.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.14
Mansfield9.93
10 Day High25.42
10 Day Low11.26
20 Day High25.42
20 Day Low10.24
52 Week High25.42
52 Week Low9.4
CS1 End10.24
CR1 StartN/A
Volume & EV
DER(3)4.23%
DER(5)3.65%
Volume8.84M
Volume Incr392.19%
Vol(5)7.39M
Vol(50)1.74M