TRANSCAT INC (TRNS) Stock Technical Analysis
NASDAQ:TRNS - US8935291075 - Common Stock
78.18 USD
+0.53 (+0.68%)
78.18 USD
0 (0%)
Overall TRNS gets a technical rating of 0 out of 10. TRNS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
89% of all other stocks performed better in the past year than TRNS.
TRNS is one of the lesser performing stocks in the Trading Companies & Distributors industry. 87% of 50 stocks in the same industry do better.
TRNS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TRNS has a been trading in the 75.30 - 91.45 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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of TRNS 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
72.04
91.19
We found 2 important support areas.
- A support zone ranging from 74.90 to 76.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 82.49 to 84.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 89.88 to 90.29. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for TRNS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRNS is down. |
| ChartMill Relative Strength | 11.44 | NEGATIVE | TRNS has a low relative strength, it was outperformed by 88.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRNS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRNS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRNS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.76 | NEUTRAL | The RSI value for TRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests TRNS has a negative trend. |
| Stochastics (14,3) | 10.94 | OVERSOLD | The low Stochastics value suggests TRNS may be oversold. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for TRNS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for TRNS 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)
78.18
+0.53 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.68%
1 Week-7.47%
2 Weeks-9.12%
1 Month-2.29%
3 Month0.26%
6 Month4.46%
12 Month-34.21%
2 Year-20.2%
3 Year3.29%
5 Year166.83%
10 Year701.85%
15 Year957.92%
Volatility
ATR(14)3.84
ATR(20)%5.01%
ATR Inc-14.09%
Range Today3.63
ADR(20)3.75
ADR(20)%4.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.44
Mansfield-2.3
10 Day High91.45
10 Day Low75.3
20 Day High91.45
20 Day Low75.3
52 Week High133.72
52 Week Low67.56
CS1 End76
CR1 Start82.49
Volume & EV
DER(3)-2.75%
DER(5)-0.82%
Volume186.70K
Volume Incr12.36%
Vol(5)119.86K
Vol(50)100.41K