Taking everything into account, TRNS scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TRNS was also a bad performer in the overall market in the last year.
The technical rating of TRNS is bad and it also does not present a 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
52.48
When analyzing the support we can see 4 important areas.
- Support @64.88 from a trend line in the daily time frame.
- A support zone ranging from 58.24 to 60.08. 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 56.72 to 57.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.01 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 65.37 to 65.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @71.33 from a trend line in the weekly time frame.
- Resistance @86.65 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 | DOWN | NEGATIVE | The long term trend for TRNS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRNS is up. |
| ChartMill Relative Strength | 13.71 | NEGATIVE | TRNS has a low relative strength, it was outperformed by 86.29% 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) | DOWN | MIXED | The current price of TRNS is above 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) | 65.36 | NEUTRAL | The RSI value for TRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests TRNS has a positive trend. |
| Stochastics (14,3) | 78.44 | NEUTRAL | The Stochastics value for TRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for TRNS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for TRNS suggests a possible start of a new trend. |
65.36
+2.12 (+3.35%)
TRANSCAT INC / TRNS FAQ
What is the technical rating for TRNS stock?
ChartMill assigns a technical rating of 2 / 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 65.3593. 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 64.88 and a resistance level at 65.37. Check the full technical report for our detailed analysis of TRNS support and resistance levels.