TRC COS INC (TRR) Stock Technical Analysis
NYSE:TRR - New York Stock Exchange, Inc. - US8726251080
Overall TRR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRR is showing a nice and steady performance.
Besides having an excellent technical rating, TRR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.59
We found 2 important support areas.
- A support zone ranging from 17.45 to 17.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.72 to 12.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.55 to 17.56. This zone is formed by a combination of multiple trend lines 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 TRR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRR is up. |
| ChartMill Relative Strength | 98.32 | POSITIVE | TRR has a high relative strength, it outperformed 98.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.12 | NEUTRAL | The RSI value for TRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TRR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests TRR may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for TRR suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.57 | 17.49 | 0.08 (0.46%) | 25.00% |
| An entry @17.57. This is a Buy Stop order right above the resistance zone. | An exit @17.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The distance between exit and entry is rather small compared to the average daily movement of TRR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:TRR (6/21/2017, 8:04:04 PM)
17.55
0 (0%)