INTERACTIVE STRENGTH INC (TRNR) Stock Technical Analysis
NASDAQ:TRNR • US45840Y4017
Overall TRNR gets a technical rating of 0 out of 10. TRNR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than TRNR.
- TRNR is part of the Leisure Products industry. There are 32 other stocks in this industry, of which 74% are performing better than TRNR.
- TRNR is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month TRNR has a been trading in the 1.75 - 7.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- TRNR has an average volume of 8665880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of TRNR is bad and it also does not present a 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
1.73
We can see 2 important resistance areas.
- Resistance @2.03 from a trend line in the daily time frame.
- Resistance @2.22 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for TRNR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRNR is down. |
| ChartMill Relative Strength | 0.24 | NEGATIVE | TRNR has a low relative strength, it was outperformed by 99.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRNR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRNR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.74 | OVERSOLD | The low RSI value suggests TRNR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TRNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 1.25 | OVERSOLD | The low Stochastics value suggests TRNR may be oversold. |
| Average True Range in percent/ATR (20) | 45.62 | HIGH VOLATILITY | The high ATR as a percentage value for TRNR suggests high volalility. |
| Average Directional Index/ADX (14) | 10.62 | NEGATIVE | The low ADX value for TRNR suggests a weak or negative trend. |
1.75
-0.2 (-10.26%)
INTERACTIVE STRENGTH INC / TRNR FAQ
What is the technical rating for TRNR stock?
ChartMill assigns a technical rating of 0 / 10 to TRNR.
What is the trend direction for TRNR stock?
The current trend direction for INTERACTIVE STRENGTH INC (TRNR) is Bearish.
Can you provide the RSI signal for INTERACTIVE STRENGTH INC?
INTERACTIVE STRENGTH INC (TRNR) has an RSI value of 22.7434. This indicates that the stock is currently oversold.
What is the MACD signal for INTERACTIVE STRENGTH INC (TRNR) stock?
The MACD indicator for INTERACTIVE STRENGTH INC (TRNR) has a value of 0.118995, indicating a bearish trend.
What is the buy/sell signal for TRNR stock?
The buy/sell signal for INTERACTIVE STRENGTH INC (TRNR) is sell as both the short term and long term trends are negative.