TROO Technical Analysis - TROOPS INC

Technical Rating and Analysis

Taking everything into account, TROO scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, TROO has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

In the last month TROO has a been trading in the 0.98 - 1.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Looking at the yearly performance, TROO did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

TROO is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 56% of 124 stocks in the same industry.

TROO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TROO is lagging the market.

Volume is considerably higher in the last couple of days.

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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

TROO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.78

1.39

When analyzing the support we can see 4 important areas.

Support @1.23 from a trend line in the daily time frame.
Support @1.13 from a horizontal line in the daily time frame.
Support @0.83 from a trend line in the weekly time frame.
Support @0.79 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 1.33 to 1.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 1.38 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for TROO is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TROO is neutral.
ChartMill Relative Strength	83.47	POSITIVE	TROO has a high relative strength, it outperformed 83.47% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of TROO is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TROO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of TROO is above a declining SMA(200).
Relative Strength Index/RSI (14)	53.98	NEUTRAL	The RSI value for TROO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests TROO has a negative trend.
Stochastics (14,3)	34.69	NEUTRAL	The Stochastics value for TROO is a neutral value.
Average True Range in percent/ATR (20)	13.43	HIGH VOLATILITY	The high ATR as a percentage value for TROO suggests high volalility.
Average Directional Index/ADX (14)	63.01	POSITIVE	The high ADX value value for TROO suggests a strong trend.