Taronis Technologies Inc (TRNX) Technical Analysis
NASDAQ:TRNX • NL0009693746
Current stock price
TRNX Technical Rating and Analysis
Overall TRNX gets a technical rating of 1 out of 10. TRNX'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 100% of all other stocks performed better in the past year than TRNX.
- TRNX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TRNX is lagging the market.
- In the last month TRNX has a been trading in the 0.10 - 0.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- TRNX has an average volume of 57227000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRNX Weekly and Daily overview Charts
TRNX Setup Rating and Analysis
The technical rating of TRNX is bad and it also does not present a quality setup 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
TRNX Support and Resistance Analysis
0.20
When analyzing the support we notice one important area.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.25 from a trend line in the daily time frame.
- Resistance @0.26 from a trend line in the daily time frame.
TRNX 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 TRNX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRNX is neutral. |
| ChartMill Relative Strength | 0.39 | NEGATIVE | TRNX has a low relative strength, it was outperformed by 99.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRNX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRNX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.46 | NEUTRAL | The RSI value for TRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TRNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.77 | NEUTRAL | The Stochastics value for TRNX is a neutral value. |
| Average True Range in percent/ATR (20) | 29.52 | HIGH VOLATILITY | The high ATR as a percentage value for TRNX suggests high volalility. |
TRNX Chart- and CandleStick Pattern Analysis
TRNX Technicals: Chart, Performance Metrics, Trend & Indicators
0.205
+0.01 (+5.07%)
Taronis Technologies Inc / TRNX TA FAQ
What is the ChartMill technical rating of Taronis Technologies Inc (TRNX) stock?
ChartMill assigns a technical rating of 1 / 10 to TRNX.
What is the trend direction for TRNX stock?
The current trend direction for Taronis Technologies Inc (TRNX) is Bearish.
What is the RSI signal for TRNX stock?
Taronis Technologies Inc (TRNX) has an RSI value of 45.4628. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Taronis Technologies Inc?
The short term momentum for Taronis Technologies Inc (TRNX) is neutral.
What is the support and resistance level for TRNX stock?
Taronis Technologies Inc (TRNX) has a support level at 0.2 and a resistance level at 0.21. Check the full technical report for our detailed analysis of TRNX support and resistance levels.