TRANSCAT INC (TRNS) Technical Analysis
NASDAQ:TRNS • US8935291075
Current stock price
TRNS Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to TRNS. In the last year, TRNS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- In the last month TRNS has a been trading in the 67.17 - 76.74 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, TRNS did better than 71% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- TRNS is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry, TRNS did better than 69% of them.
- TRNS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRNS is lagging the market slightly.
TRNS Weekly and Daily overview Charts
TRNS Setup Rating and Analysis
TRNS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 78.30. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
TRNS Support and Resistance Analysis
66.16
When analyzing the support we can see 4 important areas.
- Support @75.50 from a trend line in the weekly time frame.
- A support zone ranging from 72.56 to 72.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 70.21 to 71.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.83 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 78.30 to 79.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @80.73 from a horizontal line in the daily time frame.
TRNS Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for TRNS is neutral. |
| ChartMill Relative Strength | 71.34 | POSITIVE | TRNS has a high relative strength, it outperformed 71.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRNS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRNS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TRNS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.04 | NEUTRAL | The RSI value for TRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TRNS has a positive trend. |
| Stochastics (14,3) | 76.02 | NEUTRAL | The Stochastics value for TRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for TRNS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.68 | NEGATIVE | The low ADX value for TRNS suggests a weak or negative trend. |
TRNS Chart- and CandleStick Pattern Analysis
TRNS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 79.29 | 75.49 | 3.80 (4.79%) | 20.87% |
| An entry @79.29. This is a Buy Stop order right above the resistance zone. | An exit @75.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.80 points, which is 4.79%. | When investing 20.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TRNS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TRNS Technicals: Chart, Performance Metrics, Trend & Indicators
76.2
+1.69 (+2.27%)
TRANSCAT INC / TRNS TA FAQ
What is the technical rating for TRNS stock?
ChartMill assigns a technical rating of 6 / 10 to TRNS.
Can you provide the trend direction for TRANSCAT INC?
The current trend direction for TRANSCAT INC (TRNS) is Bearish.
Can you provide the RSI signal for TRANSCAT INC?
TRANSCAT INC (TRNS) has an RSI value of 58.0379. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TRANSCAT INC?
TRANSCAT INC (TRNS) has a support level at 75.5 and a resistance level at 78.3. Check the full technical report for our detailed analysis of TRNS support and resistance levels.