TRT Technical Analysis - TRIO-TECH INTERNATIONAL

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to TRT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRT is showing a nice and steady performance.

Warning: TRT has an average volume of 16488 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, TRT did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

TRT is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 57% of 112 stocks in the same industry.

TRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRT is lagging the market.

In the last month TRT has a been trading in the 5.60 - 8.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TRIO-TECH INTERNATIONAL / TRT Weekly stock chart

TRIO-TECH INTERNATIONAL / TRT Daily stock chart

Setup Rating and Analysis

Although TRT has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.80

7.17

We found 4 important support areas.

A support zone ranging from 7.09 to 7.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @5.36 from a trend line in the weekly time frame.
A support zone ranging from 5.20 to 5.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @4.85 from a horizontal line in the weekly time frame.

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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 TRT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TRT is up.
ChartMill Relative Strength	81.19	POSITIVE	TRT has a high relative strength, it outperformed 81.19% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TRT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TRT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TRT is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.53	NEUTRAL	The RSI value for TRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests TRT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	58.89	NEUTRAL	The Stochastics value for TRT is a neutral value.
Average True Range in percent/ATR (20)	5.87	HIGH VOLATILITY	The high ATR as a percentage value for TRT suggests high volalility.
Average Directional Index/ADX (14)	36.53	POSITIVE	The high ADX value value for TRT suggests a strong trend.