TUNGRAY TECHNOLOGIES INC-A (TRSG) Stock Technical Analysis
USA - NASDAQ:TRSG - KYG9124M1069 - Common Stock
Overall TRSG gets a technical rating of 1 out of 10. TRSG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
TRSG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRSG 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
1.31
We found 3 important support areas.
- A support zone ranging from 1.42 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.37 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.32 to 1.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.48 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.65 from a trend 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 | DOWN | NEGATIVE | The long term trend for TRSG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRSG is down. |
| ChartMill Relative Strength | 7.47 | NEGATIVE | TRSG has a low relative strength, it was outperformed by 92.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRSG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRSG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRSG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.62 | NEUTRAL | The RSI value for TRSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TRSG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.52 | NEUTRAL | The Stochastics value for TRSG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for TRSG suggests high volalility. |
| Average Directional Index/ADX (14) | 13.4 | NEGATIVE | The low ADX value for TRSG suggests a weak or negative trend. |
1.45
+0.05 (+3.57%)
TUNGRAY TECHNOLOGIES INC-A / TRSG FAQ
Can you provide the ChartMill technical rating for TUNGRAY TECHNOLOGIES INC-A?
ChartMill assigns a technical rating of 1 / 10 to TRSG.
Can you provide the trend direction for TUNGRAY TECHNOLOGIES INC-A?
The current trend direction for TUNGRAY TECHNOLOGIES INC-A (TRSG) is Bearish.
Can you provide the RSI signal for TUNGRAY TECHNOLOGIES INC-A?
TUNGRAY TECHNOLOGIES INC-A (TRSG) has an RSI value of 48.6167. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TUNGRAY TECHNOLOGIES INC-A?
The short term momentum for TUNGRAY TECHNOLOGIES INC-A (TRSG) is negative.
What is the buy/sell signal for TUNGRAY TECHNOLOGIES INC-A (TRSG) stock?
The buy/sell signal for TUNGRAY TECHNOLOGIES INC-A (TRSG) is sell as both the short term and long term trends are negative.