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 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- TRST is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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 87% of 380 stocks in the same industry.
- TRST is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRST is performing more or less in line with the market.
TRST Weekly and Daily overview Charts
TRST Setup Rating and Analysis
Besides having an excellent technical rating, TRST also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.35, a Stop Loss order could be placed below this zone.
More info and screens
TRST Support and Resistance Analysis
28.34
We found 3 important support areas.
- A support zone ranging from 41.87 to 43.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.86 from a trend line in the daily time frame.
- Support @28.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.56 to 46.23. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for TRST is neutral. |
| ChartMill Relative Strength | 83.44 | POSITIVE | TRST has a high relative strength, it outperformed 83.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRST is below 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) | 47.76 | NEUTRAL | The RSI value for TRST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TRST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.43 | NEUTRAL | The Stochastics value for TRST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for TRST suggests a weak or negative 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 |
|---|---|---|---|
| 45.09 | 41.86 | 3.23 (7.15%) | 13.98% |
| An entry @45.09. This is a Buy Stop order right above the 10 day high. | An exit @41.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.23 points, which is 7.15%. | When investing 13.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
43.4
+0.21 (+0.49%)
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 8 / 10 to TRST.
What is the current trend direction of TRUSTCO BANK CORP NY (TRST) stock?
The current trend direction for TRUSTCO BANK CORP NY (TRST) is Bullish.
What is the RSI signal for TRUSTCO BANK CORP NY (TRST) stock?
TRUSTCO BANK CORP NY (TRST) has an RSI value of 47.7554. This indicates that the stock is currently neutral.
What is the MACD signal for TRUSTCO BANK CORP NY (TRST) stock?
The MACD indicator for TRUSTCO BANK CORP NY (TRST) has a value of -0.0588417, indicating a bearish trend.