TRIMAS CORP (TRS) Technical Analysis
NASDAQ:TRS • US8962152091
Current stock price
TRS Technical Rating and Analysis
Overall TRS gets a technical rating of 6 out of 10. TRS was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- When comparing the yearly performance of all stocks, we notice that TRS is one of the better performing stocks in the market, outperforming 82% of all stocks.
- TRS is part of the Containers & Packaging industry. There are 21 other stocks in this industry. TRS outperforms 95% 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 35.19 - 39.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TRS Weekly and Daily overview Charts
TRS Setup Rating and Analysis
Although the technical rating is only medium, TRS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.26. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
TRS Support and Resistance Analysis
33.54
3 important support areas can be observed.
- Support @35.72 from a trend line in the weekly time frame.
- Support @35.00 from a trend line in the daily time frame.
- A support zone ranging from 33.88 to 34.03. 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.
TRS Technical Indicator Signal Analysis
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 | 82.5 | POSITIVE | TRS has a high relative strength, it outperformed 82.5% 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) | 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) | 50.41 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.7 | NEUTRAL | The Stochastics value for TRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for TRS suggests a weak or negative trend. |
TRS Chart- and CandleStick Pattern Analysis
TRS Example Setup
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 |
|---|---|---|---|
| 37.07 | 35.71 | 1.36 (3.67%) | 25.00% |
| An entry @37.07. This is a Buy Stop order right above the 10 day moving average. | An exit @35.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.36 points, which is 3.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- The distance between exit and entry is rather small compared to the average daily movement of TRS. Please evaluate whether better entry and exit points can be found.
- 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.
TRS Technicals: Chart, Performance Metrics, Trend & Indicators
37.02
+0.94 (+2.61%)
TRIMAS CORP / TRS TA FAQ
What is the ChartMill technical rating of TRIMAS CORP (TRS) stock?
ChartMill assigns a technical rating of 6 / 10 to TRS.
What is the trend direction for TRS stock?
The current trend direction for TRIMAS CORP (TRS) is Bearish.
What is the RSI signal for TRS stock?
TRIMAS CORP (TRS) has an RSI value of 50.4065. This indicates that the stock is currently neutral.
What is the MACD signal for TRS stock?
The MACD indicator for TRIMAS CORP (TRS) has a value of -0.146439, indicating a bearish trend.
Can you provide the short term momentum for TRIMAS CORP?
The short term momentum for TRIMAS CORP (TRS) is neutral.