Taking everything into account, TRNS scores 6 out of 10 in our technical rating. In the past year, TRNS was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TRNS has a been trading in the 57.89 - 73.74 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.
- When compared to the yearly performance of all other stocks, TRNS outperforms 66% of them, which is more or less in line with the market.
- TRNS is an average performer in the Trading Companies & Distributors industry, it outperforms 48% of 50 stocks in the same industry.
- TRNS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRNS is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TRNS has an average technical rating and it also 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
58.65
2 important support areas can be observed.
- A support zone ranging from 62.28 to 63.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.24 to 59.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @85.84 from a trend line in the daily time frame.
- Resistance @91.32 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 | NEUTRAL | NEUTRAL | The long term trend for TRNS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRNS is up. |
| ChartMill Relative Strength | 66.53 | NEUTRAL | TRNS is not amongst the best or worst performers 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 | NEGATIVE | The current price of TRNS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.09 | OVERBOUGHT | The high RSI value suggests TRNS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests TRNS has a positive trend. |
| Stochastics (14,3) | 65.01 | NEUTRAL | The Stochastics value for TRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for TRNS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.43 | POSITIVE | The high ADX value value for TRNS suggests a strong trend. |
70.64
+7.31 (+11.54%)
TRANSCAT INC / TRNS 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.
What is the RSI signal for TRNS stock?
TRANSCAT INC (TRNS) has an RSI value of 70.0902. This indicates that the stock is currently overbought.
What is the short term momentum for TRNS stock?
The short term momentum for TRANSCAT INC (TRNS) is positive.
What are the support and resistance levels for TRANSCAT INC (TRNS) stock?
TRANSCAT INC (TRNS) has a support level at 63.29 and a resistance level at 85.84. Check the full technical report for our detailed analysis of TRNS support and resistance levels.