TRANSCAT INC (TRNS) Stock Technical Analysis
USA - NASDAQ:TRNS - US8935291075 - Common Stock
Taking everything into account, TRNS scores 0 out of 10 in our technical rating. 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.
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 downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.73
We can see 5 important resistance areas.
- A resistance zone ranging from 73.82 to 74.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @77.35 from a trend line in the daily time frame.
- Resistance @79.92 from a trend line in the weekly time frame.
- A resistance zone ranging from 88.81 to 89.88. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for TRNS is down. |
| ChartMill Relative Strength | 7.74 | NEGATIVE | TRNS has a low relative strength, it was outperformed by 92.26% 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) | 29.6 | OVERSOLD | The low RSI value suggests TRNS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests TRNS has a negative trend. |
| Stochastics (14,3) | 22.28 | NEUTRAL | The Stochastics value for TRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for TRNS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.96 | NEGATIVE | The low ADX value for TRNS suggests a weak or negative trend. |
62.35
-8.27 (-11.71%)
TRANSCAT INC / TRNS FAQ
What is the technical rating for TRNS stock?
ChartMill assigns a technical rating of 0 / 10 to TRNS.
What is the trend direction for TRNS stock?
The current trend direction for TRANSCAT INC (TRNS) is Bearish.
What is the RSI signal for TRANSCAT INC (TRNS) stock?
TRANSCAT INC (TRNS) has an RSI value of 29.6. This indicates that the stock is currently oversold.
What is the MACD signal for TRANSCAT INC (TRNS) stock?
The MACD indicator for TRANSCAT INC (TRNS) has a value of -0.665442, indicating a bearish trend.
What is the support and resistance level for TRNS stock?
TRANSCAT INC (TRNS) has a resistance level at 73.82. Check the full technical report for our detailed analysis of TRNS support and resistance levels.