TRIMAS CORP (TRS) Stock Technical Analysis
NASDAQ:TRS • US8962152091
Taking everything into account, TRS scores 9 out of 10 in our technical rating. In the last year, TRS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TRS is one of the better performing stocks in the market, outperforming 88% of all stocks.
- TRS is part of the Containers & Packaging industry. There are 22 other stocks in this industry. TRS outperforms 90% of them.
- 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 33.80 - 38.12 range, which is quite wide. It is currently trading near the high of this range.
Although TRS has an excellent technical rating, it does not present a decent entry opportunity 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
32.10
We found 3 important support areas.
- A support zone ranging from 34.49 to 35.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.72 to 33.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @32.42 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.96 to 40.03. 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 | 88.84 | POSITIVE | TRS has a high relative strength, it outperformed 88.84% off all stocks 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) | 62.03 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests TRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.94 | OVERBOUGHT | The high Stochastics value suggests TRS may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for TRS suggests a possible start of a new trend. |
37.08
-0.96 (-2.52%)
TRIMAS CORP / TRS FAQ
What is the ChartMill technical rating of TRIMAS CORP (TRS) stock?
ChartMill assigns a technical rating of 9 / 10 to TRS.
What is the trend direction for TRS stock?
The current trend direction for TRIMAS CORP (TRS) is Bullish.
What is the RSI signal for TRIMAS CORP (TRS) stock?
TRIMAS CORP (TRS) has an RSI value of 62.0344. This indicates that the stock is currently neutral.
What is the short term momentum for TRS stock?
The short term momentum for TRIMAS CORP (TRS) is positive.
Can you provide the buy/sell signal for TRIMAS CORP?
The buy/sell signal for TRIMAS CORP (TRS) is buy as both the short term and long term trends are positive.