TRIMAS CORP (TRS) Stock Technical Analysis
NASDAQ:TRS - Nasdaq - US8962152091 - Common Stock - Currency: USD
Taking everything into account, TRS scores 8 out of 10 in our technical rating. Although TRS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
TRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRS is lagging the market slightly.
In the last month TRS has a been trading in the 24.56 - 27.86 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TRS outperforms 67% of them, which is more or less in line with the market.
TRS is part of the Containers & Packaging industry. There are 22 other stocks in this industry, TRS did better than 57% of them.
TRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
20.29
28.60
4 important support areas can be observed.
- A support zone ranging from 26.36 to 26.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.71 to 25.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.04 to 24.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.49 to 20.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @27.68 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 28.32 to 28.32. 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 TRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRS is up. |
| ChartMill Relative Strength | 67.11 | NEUTRAL | TRS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.34 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRS has a negative trend. |
| Stochastics (14,3) | 65.89 | NEUTRAL | The Stochastics value for TRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 36.61 | POSITIVE | The high ADX value value for TRS suggests a strong 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)
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 |
|---|---|---|---|
| 27.69 | 26.35 | 1.34 (4.84%) | 20.66% |
| An entry @27.69. This is a Buy Stop order right above the resistance zone. | An exit @26.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.34 points, which is 4.84%. | When investing 20.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
27.04
+0.23 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.86%
1 Week0.82%
2 Weeks4.4%
1 Month8.46%
3 Month11.51%
6 Month10.28%
12 Month4.12%
2 Year-1.64%
3 Year-2.35%
5 Year12.9%
10 Year-8.65%
15 Year139.08%
Volatility
ATR(14)0.71
ATR(20)%2.81%
ATR Inc49.92%
Range Today0.88
ADR(20)0.71
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.11
Mansfield0.38
10 Day High27.86
10 Day Low25.58
20 Day High27.86
20 Day Low24.56
52 Week High28.51
52 Week Low19.33
CS1 End26.86
CR1 Start27.68
Volume & EV
DER(3)-0.36%
DER(5)-0.64%
Volume264.20K
Volume Incr31.39%
Vol(5)485.00K
Vol(50)434.48K