TRANSCAT INC (TRNS) Stock Technical Analysis
USA - NASDAQ:TRNS - US8935291075 - Common Stock
73.7 USD
+0.89 (+1.23%)
73.7 USD
0 (0%)
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 one of the lesser performing stocks in the Trading Companies & Distributors industry. 87% of 49 stocks in the same industry do better.
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.
TRNS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
TRNS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 73.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRNS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
70.32
92.23
2 important support areas can be observed.
- A support zone ranging from 72.77 to 73.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @71.03 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 75.45 to 76.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.66 from a trend line in the weekly time frame.
- A resistance zone ranging from 88.73 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 | 7.98 | NEGATIVE | TRNS has a low relative strength, it was outperformed by 92.02% 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) | 41.25 | NEUTRAL | The RSI value for TRNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests TRNS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.62 | NEUTRAL | The Stochastics value for TRNS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for TRNS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.09 | NEUTRAL | The ADX value for TRNS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
73.7
+0.89 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.23%
1 Week-2.32%
2 Weeks-1.5%
1 Month-12.77%
3 Month-13.11%
6 Month0.44%
12 Month-39.34%
2 Year-24.77%
3 Year-2.63%
5 Year151.54%
10 Year655.9%
15 Year897.29%
Volatility
ATR(14)2.68
ATR(20)%3.89%
ATR Inc-36.35%
Range Today2.06
ADR(20)2.84
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.98
Mansfield-2.61
10 Day High78.32
10 Day Low71.14
20 Day High85.54
20 Day Low71.14
52 Week High133.4
52 Week Low67.56
CS1 End73.62
CR1 Start75.45
Volume & EV
DER(3)3.51%
DER(5)1.92%
Volume104.80K
Volume Incr-34.11%
Vol(5)79.32K
Vol(50)95.82K