We assign a technical rating of 2 out of 10 to TRS. TRS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TRS has a poor technical rating and the quality of the setup is also 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.
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30.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 31.83 to 32.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.08 to 34.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.26 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TRS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRS is neutral. |
| ChartMill Relative Strength | 70.94 | POSITIVE | TRS has a high relative strength, it outperformed 70.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TRS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRS is below 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) | 52.55 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests TRS has a positive trend. |
| Stochastics (14,3) | 95.86 | OVERBOUGHT | The high Stochastics value suggests TRS may be overbought. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for TRS suggests a weak or negative trend. |
34.07
+0.07 (+0.21%)
TRIMAS CORP / TRS FAQ
What is the ChartMill technical rating of TRIMAS CORP (TRS) stock?
ChartMill assigns a technical rating of 2 / 10 to TRS.
Can you provide the trend direction for TRIMAS CORP?
The current trend direction for TRIMAS CORP (TRS) is Bearish.
Can you provide the RSI signal for TRIMAS CORP?
TRIMAS CORP (TRS) has an RSI value of 52.5528. 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 neutral.
What are the support and resistance levels for TRIMAS CORP (TRS) stock?
TRIMAS CORP (TRS) has a support level at 32.57 and a resistance level at 34.08. Check the full technical report for our detailed analysis of TRS support and resistance levels.