TRIMAS CORP (TRS) Stock Technical Analysis
USA - NASDAQ:TRS - US8962152091 - Common Stock
Taking everything into account, TRS scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, TRS also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
37.43
We found 1 important support area.
- A support zone ranging from 37.81 to 38.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 39.93 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 | 90.3 | POSITIVE | TRS has a high relative strength, it outperformed 90.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRS is below 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) | 52.95 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests TRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.28 | NEUTRAL | The Stochastics value for TRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 37.13 | POSITIVE | The high ADX value value for TRS suggests a strong trend. |
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 |
|---|---|---|---|
| 40.04 | 37.80 | 2.24 (5.59%) | 17.88% |
| An entry @40.04. This is a Buy Stop order right above the resistance zone. | An exit @37.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.24 points, which is 5.59%. | For a 1.00% total portfolio risk, you can invest 17.88% of your capital in this trade. |
- 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.
38.64
+0.14 (+0.36%)