INTERACTIVE STRENGTH INC (TRNR) Stock Technical Analysis
NASDAQ:TRNR - Nasdaq - US45840Y3027 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TRNR. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TRNR is a bad performer in the overall market: 99% of all stocks are doing better.
TRNR is one of the lesser performing stocks in the Leisure Products industry. 93% of 30 stocks in the same industry do better.
TRNR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TRNR has a been trading in the 0.74 - 1.08 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 2088430 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.
Although the technical rating is bad, TRNR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.79, a Stop Loss order could be placed below this zone.
More info and screens
0.77
1.04
We found 1 important support area.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.90 from a trend line in the daily time frame.
- Resistance @1.03 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 | NEUTRAL | NEUTRAL | The short term trend for TRNR is neutral. |
| ChartMill Relative Strength | 1.26 | NEGATIVE | TRNR has a low relative strength, it was outperformed by 98.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRNR is below the rising 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) | 45.61 | NEUTRAL | The RSI value for TRNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRNR has a negative trend. |
| Stochastics (14,3) | 26.38 | NEUTRAL | The Stochastics value for TRNR is a neutral value. |
| Average True Range in percent/ATR (20) | 13.22 | HIGH VOLATILITY | The high ATR as a percentage value for TRNR suggests high volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for TRNR suggests a weak or negative trend. |
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)
0.8049
+0.02 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg2.27%
1 Week-14.43%
2 Weeks-0.66%
1 Month1.27%
3 Month-36.51%
6 Month-74.76%
12 Month-99.72%
2 Year-99.99%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%13.22%
ATR Inc23.17%
Range Today0.08
ADR(20)0.11
ADR(20)%13.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.26
Mansfield-9.71
10 Day High0.99
10 Day Low0.74
20 Day High1.08
20 Day Low0.74
52 Week High850
52 Week Low0.56
CS1 End0.79
CR1 Start0.9
Volume & EV
DER(3)-13.02%
DER(5)-14.91%
Volume405.10K
Volume Incr-62.89%
Vol(5)499.87K
Vol(50)2.09M