We assign a technical rating of 7 out of 10 to TRS. 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.
Although TRS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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30.76
We found 3 important support areas.
- A support zone ranging from 33.71 to 34.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.04 from a trend line in the daily time frame.
- A support zone ranging from 31.07 to 31.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @39.26 from a horizontal line in the daily time frame.
- 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 | 83.5 | POSITIVE | TRS has a high relative strength, it outperformed 83.5% 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) | DOWN | MIXED | The current price of TRS is above a declining 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) | 64.39 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests TRS has a positive trend. |
| Stochastics (14,3) | 90.64 | OVERBOUGHT | The high Stochastics value suggests TRS may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.39 | NEGATIVE | The low ADX value for TRS suggests a weak or negative trend. |
35.81
+0.68 (+1.94%)
TRIMAS CORP / TRS FAQ
What is the ChartMill technical rating of TRIMAS CORP (TRS) stock?
ChartMill assigns a technical rating of 7 / 10 to TRS.
Can you provide the trend direction for TRIMAS CORP?
The current trend direction for TRIMAS CORP (TRS) is Bullish.
Can you provide the RSI signal for TRIMAS CORP?
TRIMAS CORP (TRS) has an RSI value of 64.3921. 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.
What are the support and resistance levels for TRIMAS CORP (TRS) stock?
TRIMAS CORP (TRS) has a support level at 34.65 and a resistance level at 39.26. Check the full technical report for our detailed analysis of TRS support and resistance levels.