TRANSCAT INC (TRNS) Stock Technical Analysis
NASDAQ:TRNS • US8935291075
Taking everything into account, TRNS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRNS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- TRNS is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry. TRNS outperforms 77% of them.
- In the last month TRNS has a been trading in the 59.59 - 81.54 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that TRNS is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
Although TRNS has an excellent technical rating, the quality of the presented setup is not ideal 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
59.86
3 important support areas can be observed.
- A support zone ranging from 75.56 to 76.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @62.48 from a trend line in the daily time frame.
- Support @60.46 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 80.74 to 80.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for TRNS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRNS is up. |
| ChartMill Relative Strength | 84.44 | POSITIVE | TRNS has a high relative strength, it outperformed 84.44% 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) | 69.1 | NEUTRAL | The RSI value for TRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests TRNS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for TRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for TRNS suggests high volalility. |
| Average Directional Index/ADX (14) | 34.65 | POSITIVE | The high ADX value value for TRNS suggests a strong trend. |
80.73
+2.76 (+3.54%)
TRANSCAT INC / TRNS FAQ
What is the technical rating for TRNS stock?
ChartMill assigns a technical rating of 9 / 10 to TRNS.
Can you provide the trend direction for TRANSCAT INC?
The current trend direction for TRANSCAT INC (TRNS) is Bullish.
What is the RSI signal for TRNS stock?
TRANSCAT INC (TRNS) has an RSI value of 69.0999. This indicates that the stock is currently neutral.
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 76.51 and a resistance level at 80.74. Check the full technical report for our detailed analysis of TRNS support and resistance levels.