We assign a technical rating of 9 out of 10 to TRST. Both in the recent history as in the last year, TRST has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, TRST also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 43.29, a Stop Loss order could be placed below this zone. 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.
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28.19
When analyzing the support we can see 5 important areas.
- A support zone ranging from 43.04 to 43.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.74 from a horizontal line in the daily time frame.
- Support @37.86 from a trend line in the weekly time frame.
- Support @37.12 from a trend line in the daily time frame.
- Support @28.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.39 to 44.86. 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 TRST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRST is up. |
| ChartMill Relative Strength | 83.52 | POSITIVE | TRST has a high relative strength, it outperformed 83.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRST is above 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) | UP | POSITIVE | The current price of TRST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.05 | NEUTRAL | The RSI value for TRST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests TRST has a negative trend. |
| Stochastics (14,3) | 40.57 | NEUTRAL | The Stochastics value for TRST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 33.74 | POSITIVE | The high ADX value value for TRST 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 |
|---|---|---|---|
| 44.87 | 43.03 | 1.84 (4.10%) | 24.39% |
| An entry @44.87. This is a Buy Stop order right above the resistance zone. | An exit @43.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.84 points, which is 4.10%. | For a 1.00% total portfolio risk, you can invest 24.39% 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.
43.3
+0.03 (+0.07%)
TRUSTCO BANK CORP NY / TRST FAQ
Can you provide the ChartMill technical rating for TRUSTCO BANK CORP NY?
ChartMill assigns a technical rating of 9 / 10 to TRST.
Can you provide the trend direction for TRUSTCO BANK CORP NY?
The current trend direction for TRUSTCO BANK CORP NY (TRST) is Bullish.
Can you provide the RSI signal for TRUSTCO BANK CORP NY?
TRUSTCO BANK CORP NY (TRST) has an RSI value of 58.0496. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRUSTCO BANK CORP NY?
The MACD indicator for TRUSTCO BANK CORP NY (TRST) has a value of -0.223327, indicating a bearish trend.
Can you provide the short term momentum for TRUSTCO BANK CORP NY?
The short term momentum for TRUSTCO BANK CORP NY (TRST) is positive.