TRUSTCO BANK CORP NY (TRST) Stock Technical Analysis
NASDAQ:TRST - Nasdaq - US8983492047 - Common Stock - Currency: USD
Taking everything into account, TRST scores 8 out of 10 in our technical rating. In the last year, TRST was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that TRST is one of the better performing stocks in the market, outperforming 79% of all stocks.
In the last month TRST has a been trading in the 30.52 - 35.68 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TRST is part of the Banks industry. There are 395 other stocks in this industry, TRST did better than 58% of them.
TRST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRST is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRST has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
27.64
35.94
3 important support areas can be observed.
- A support zone ranging from 31.34 to 32.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.59 to 30.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.92 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for TRST is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRST is up. |
| ChartMill Relative Strength | 79.6 | POSITIVE | TRST has a high relative strength, it outperformed 79.6% 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) | 78.93 | OVERBOUGHT | The high RSI value suggests TRST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests TRST has a positive trend. |
| Stochastics (14,3) | 96.76 | OVERBOUGHT | The high Stochastics value suggests TRST may be overbought. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 26.93 | POSITIVE | The high ADX value value for TRST suggests a strong 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)
35.58
+0.48 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.37%
1 Week7.56%
2 Weeks15.78%
1 Month14.48%
3 Month25.46%
6 Month8.81%
12 Month27.94%
2 Year17.08%
3 Year6.02%
5 Year22.9%
10 Year14.22%
15 Year22.27%
Volatility
ATR(14)0.79
ATR(20)%2.04%
ATR Inc18.09%
Range Today0.85
ADR(20)0.71
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.6
Mansfield0.04
10 Day High35.68
10 Day Low30.62
20 Day High35.68
20 Day Low30.52
52 Week High38.89
52 Week Low27.18
CS1 End32.49
CR1 StartN/A
Volume & EV
DER(3)0.56%
DER(5)0.32%
Volume57.50K
Volume Incr45.29%
Vol(5)138.88K
Vol(50)87.45K