TRIMAS CORP (TRS) Stock Technical Analysis
NASDAQ:TRS - Nasdaq - US8962152091 - Common Stock - Currency: USD
Overall TRS gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TRS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
TRS is one of the better performing stocks in the Containers & Packaging industry, it outperforms 76% of 22 stocks in the same industry.
TRS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TRS has a been trading in the 26.16 - 30.43 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that TRS is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TRS has an excellent technical rating, but the quality of the setup is only medium 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
20.29
30.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.27 to 28.61. 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 26.79 to 27.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.54 to 25.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.31 to 30.31. 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 | 85.58 | POSITIVE | TRS has a high relative strength, it outperformed 85.58% 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) | 75.63 | OVERBOUGHT | The high RSI value suggests TRS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.31 | OVERBOUGHT | The high Stochastics value suggests TRS may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 42.4 | 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)
30.3
+0.19 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.63%
1 Week1.99%
2 Weeks6.77%
1 Month10.79%
3 Month47.02%
6 Month25%
12 Month13.48%
2 Year17.62%
3 Year2.36%
5 Year29.49%
10 Year28.94%
15 Year153.77%
Volatility
ATR(14)0.67
ATR(20)%2.36%
ATR Inc5.43%
Range Today0.88
ADR(20)0.71
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.58
Mansfield1.19
10 Day High30.43
10 Day Low28.03
20 Day High30.43
20 Day Low26.16
52 Week High30.43
52 Week Low19.33
CS1 End28.61
CR1 Start30.31
Volume & EV
DER(3)0.51%
DER(5)0.37%
Volume375.00K
Volume Incr-36.81%
Vol(5)279.42K
Vol(50)385.75K