Trine Acquisition Corp Cl A (TRNE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRNE -
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.
- A new 52 week high is currently being made by TRNE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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
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. |
24.77
+1.22 (+5.18%)
Trine Acquisition Corp Cl A / TRNE 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 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 buy/sell signal for TRNE stock?
The buy/sell signal for Trine Acquisition Corp Cl A (TRNE) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Trine Acquisition Corp Cl A (TRNE) stock?
Trine Acquisition Corp Cl A (TRNE) has a support level at 10.24. Check the full technical report for our detailed analysis of TRNE support and resistance levels.