TRONOX HOLDINGS PLC (TROX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TROX • GB00BJT16S69
Overall TROX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TROX is only an average performer.
- The long and short term trends are both positive. This is looking good!
- TROX is one of the better performing stocks in the Chemicals industry, it outperforms 82% of 83 stocks in the same industry.
- In the last month TROX has a been trading in the 4.24 - 6.96 range, which is quite wide. It is currently trading near the high of this range.
- TROX has an average volume of 4141400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TROX is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- TROX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TROX is lagging the market.
Although TROX has an excellent technical rating, it does not offer a high 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
3.11
When analyzing the support we can see 3 important areas.
- Support @5.13 from a trend line in the daily time frame.
- A support zone ranging from 4.70 to 4.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.14 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.25 to 6.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 TROX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TROX is up. |
| ChartMill Relative Strength | 78.09 | POSITIVE | TROX has a high relative strength, it outperformed 78.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TROX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TROX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TROX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.37 | NEUTRAL | The RSI value for TROX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TROX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.35 | NEUTRAL | The Stochastics value for TROX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for TROX suggests high volalility. |
| Average Directional Index/ADX (14) | 47.29 | POSITIVE | The high ADX value value for TROX suggests a strong trend. |
6.06
-0.59 (-8.87%)
TRONOX HOLDINGS PLC / TROX FAQ
What is the technical rating for TROX stock?
ChartMill assigns a technical rating of 8 / 10 to TROX.
What is the trend direction for TROX stock?
The current trend direction for TRONOX HOLDINGS PLC (TROX) is Bullish.
What is the RSI signal for TROX stock?
TRONOX HOLDINGS PLC (TROX) has an RSI value of 59.3722. This indicates that the stock is currently neutral.
What is the MACD signal for TROX stock?
The MACD indicator for TRONOX HOLDINGS PLC (TROX) has a value of 0.0102519, indicating a bearish trend.
Can you provide the buy/sell signal for TRONOX HOLDINGS PLC?
The buy/sell signal for TRONOX HOLDINGS PLC (TROX) is buy as both the short term and long term trends are positive.