TRIMAS CORP (TRS) Stock Technical Analysis
USA - NASDAQ:TRS - US8962152091 - Common Stock
We assign a technical rating of 4 out of 10 to TRS. In the last year, TRS was one of the better performers, but we do observe some doubts in the very recent evolution.
TRS has an average technical rating and it also does not offer a high quality setup 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
34.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.52 to 35.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.82 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.26 to 38.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for TRS is down. |
| ChartMill Relative Strength | 80.52 | POSITIVE | TRS has a high relative strength, it outperformed 80.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRS is below 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) | 41.04 | NEUTRAL | The RSI value for TRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests TRS has a negative trend. |
| Stochastics (14,3) | 14.3 | OVERSOLD | The low Stochastics value suggests TRS may be oversold. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for TRS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.28 | POSITIVE | The high ADX value value for TRS suggests a strong trend. |
36.12
+0.59 (+1.66%)
TRIMAS CORP / TRS FAQ
What is the ChartMill technical rating of TRIMAS CORP (TRS) stock?
ChartMill assigns a technical rating of 4 / 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 41.0415. 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 negative.
What are the support and resistance levels for TRIMAS CORP (TRS) stock?
TRIMAS CORP (TRS) has a support level at 35.52 and a resistance level at 37.26. Check the full technical report for our detailed analysis of TRS support and resistance levels.