TRUSTCO BANK CORP NY (TRST) Technical Analysis
NASDAQ:TRST • US8983492047
Current stock price
TRST Technical Rating and Analysis
Overall TRST gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRST is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TRST did better than 83% of all other stocks. On top of that, TRST also shows a nice and consistent pattern of rising prices.
- TRST is one of the better performing stocks in the Banks industry, it outperforms 88% of 376 stocks in the same industry.
- TRST 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 TRST is lagging the market slightly.
- TRST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TRST Weekly and Daily overview Charts
TRST Setup Rating and Analysis
TRST has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 46.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.25, a Stop Loss order could be placed below this zone.
More info and screens
TRST Support and Resistance Analysis
28.43
We found 3 important support areas.
- A support zone ranging from 46.22 to 46.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 42.28 to 45.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.42 to 46.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
TRST 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 | 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 | 83.84 | POSITIVE | TRST has a high relative strength, it outperformed 83.84% 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) | 59.66 | NEUTRAL | The RSI value for TRST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TRST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.45 | NEUTRAL | The Stochastics value for TRST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 22.19 | NEUTRAL | The ADX value for TRST suggests a possible start of a new trend. |
TRST Chart- and CandleStick Pattern Analysis
TRST 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 |
|---|---|---|---|
| 46.90 | 46.21 | 0.69 (1.47%) | 25.00% |
| An entry @46.90. This is a Buy Stop order right above the resistance zone. | An exit @46.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 1.47%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRST. 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.
TRST Technicals: Chart, Performance Metrics, Trend & Indicators
46.3
-0.31 (-0.67%)
TRUSTCO BANK CORP NY / TRST TA FAQ
Can you provide the ChartMill technical rating for TRUSTCO BANK CORP NY?
ChartMill assigns a technical rating of 10 / 10 to TRST.
What is the trend direction for TRST stock?
The current trend direction for TRUSTCO BANK CORP NY (TRST) is Bullish.
What is the RSI signal for TRST stock?
TRUSTCO BANK CORP NY (TRST) has an RSI value of 59.6599. This indicates that the stock is currently neutral.
What is the short term momentum for TRST stock?
The short term momentum for TRUSTCO BANK CORP NY (TRST) is positive.
What is the support and resistance level for TRST stock?
TRUSTCO BANK CORP NY (TRST) has a support level at 46.25 and a resistance level at 46.42. Check the full technical report for our detailed analysis of TRST support and resistance levels.