TRNS Technical Analysis - TRANSCAT INC

Technical Rating and Analysis

Taking everything into account, TRNS scores 0 out of 10 in our technical rating. TRNS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, TRNS is a bad performer in the overall market: 93% of all stocks are doing better.

TRNS is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry, of which 87% are performing better than TRNS.

TRNS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month TRNS has a been trading in the 68.00 - 75.63 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

TRNS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 69.07, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

67.81

92.23

We found 1 important support area.

A support zone ranging from 68.49 to 69.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

A resistance zone ranging from 69.26 to 70.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 71.62 to 71.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @82.79 from a trend line in the weekly time frame.
A resistance zone ranging from 89.38 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.

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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	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	7.46	NEGATIVE	TRNS has a low relative strength, it was outperformed by 92.54% 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)	39.43	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, although the MACD value is declining.
Stochastics (14,3)	35.16	NEUTRAL	The Stochastics value for TRNS is a neutral value.
Average True Range in percent/ATR (20)	3.16	MEDIUM VOLATILITY	The ATR as a percentage value for TRNS suggests some volalility.
Average Directional Index/ADX (14)	21.41	NEUTRAL	The ADX value for TRNS suggests a possible start of a new trend.