TRUSTCO BANK CORP NY (TRST) Stock Technical Analysis
NASDAQ:TRST - Nasdaq - US8983492047 - Common Stock - Currency: USD
Taking everything into account, TRST scores 4 out of 10 in our technical rating. In the past year, TRST was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month TRST has a been trading in the 30.17 - 32.73 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, TRST did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TRST is part of the Banks industry. There are 396 other stocks in this industry, TRST did better than 46% of them.
TRST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRST is lagging the market slightly.
TRST has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.53. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
27.28
33.34
When analyzing the support we notice one important area.
- A support zone ranging from 27.56 to 27.80. 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 31.53 to 33.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for TRST is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRST is neutral. |
| ChartMill Relative Strength | 72.47 | POSITIVE | TRST has a high relative strength, it outperformed 72.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRST is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.73 | NEUTRAL | The RSI value for TRST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TRST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.32 | NEUTRAL | The Stochastics value for TRST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 22.49 | NEUTRAL | The ADX value for TRST suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
31.4
+0.72 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.35%
1 Week-0.22%
2 Weeks-2.39%
1 Month0.19%
3 Month1.13%
6 Month-13.36%
12 Month15.36%
2 Year9.75%
3 Year1.82%
5 Year-0.79%
10 Year-10.67%
15 Year12.14%
Volatility
ATR(14)0.69
ATR(20)%2.29%
ATR Inc41.69%
Range Today1.27
ADR(20)0.67
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.47
Mansfield-0.66
10 Day High32.19
10 Day Low30.17
20 Day High32.74
20 Day Low30.17
52 Week High38.89
52 Week Low26.14
CS1 End27.8
CR1 Start31.53
Volume & EV
DER(3)0.75%
DER(5)0.49%
Volume102.30K
Volume Incr15.88%
Vol(5)77.78K
Vol(50)85.33K