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. Although TRST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
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.
When comparing the performance of all stocks over the past year, TRST turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
TRST is an average performer in the Banks industry, it outperforms 56% of 394 stocks in the same industry.
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.
Although TRST has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.70
35.80
3 important support areas can be observed.
- A support zone ranging from 31.83 to 32.71. 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 @27.98 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.07 to 35.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | 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 | 68.53 | NEUTRAL | TRST is not amongst the best or worst performers 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) | 59.83 | NEUTRAL | The RSI value for TRST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRST has a negative trend. |
| Stochastics (14,3) | 70 | NEUTRAL | The Stochastics value for TRST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 32.47 | 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)
34.61
+0.39 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.14%
1 Week-1.9%
2 Weeks0.38%
1 Month11.83%
3 Month21.35%
6 Month7.42%
12 Month6.2%
2 Year13.89%
3 Year3.13%
5 Year19.55%
10 Year11.11%
15 Year18.93%
Volatility
ATR(14)0.8
ATR(20)%2.18%
ATR Inc48.06%
Range Today0.8
ADR(20)0.74
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.53
Mansfield-0.21
10 Day High35.82
10 Day Low33.89
20 Day High35.82
20 Day Low30.52
52 Week High38.89
52 Week Low27.18
CS1 End32.71
CR1 Start35.07
Volume & EV
DER(3)2.66%
DER(5)0.8%
Volume66.84K
Volume Incr-33.4%
Vol(5)71.21K
Vol(50)86.12K