We assign a technical rating of 10 out of 10 to TRST. 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 85% of all other stocks. We also observe that the gains produced by TRST over the past year are nicely spread over this period.
- TRST is one of the better performing stocks in the Banks industry, it outperforms 81% of 381 stocks in the same industry.
- TRST is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TRST has a been trading in the 41.24 - 48.45 range, which is quite wide. It is currently trading near the high of this range.
- 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, 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
37.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.16 to 44.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.98 to 41.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.86 from a trend line in the weekly time frame.
- Support @38.36 from a trend line 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 | 85.68 | POSITIVE | TRST has a high relative strength, it outperformed 85.68% 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) | 65.11 | NEUTRAL | The RSI value for TRST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests TRST has a positive trend. |
| Stochastics (14,3) | 63.01 | NEUTRAL | The Stochastics value for TRST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for TRST suggests some volalility. |
| Average Directional Index/ADX (14) | 21.75 | NEUTRAL | The ADX value for TRST suggests a possible start of a new trend. |
46.07
-0.15 (-0.32%)
TRUSTCO BANK CORP NY / TRST 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 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 65.1118. 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 0.301432, indicating a bearish trend.
What is the buy/sell signal for TRST stock?
The buy/sell signal for TRUSTCO BANK CORP NY (TRST) is buy as both the short term and long term trends are positive.