TPG RE FINANCE TRUST INC (TRTX) Stock Technical Analysis
USA - NYSE:TRTX - US87266M1071 - REIT
Taking everything into account, TRTX scores 6 out of 10 in our technical rating. Although TRTX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, TRTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRTX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.48
We found 3 important support areas.
- A support zone ranging from 8.72 to 8.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.36 to 8.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.56 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 | UP | POSITIVE | The long term trend for TRTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRTX is up. |
| ChartMill Relative Strength | 47.56 | NEUTRAL | TRTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TRTX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.38 | NEUTRAL | The RSI value for TRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TRTX has a positive trend. |
| Stochastics (14,3) | 54.65 | NEUTRAL | The Stochastics value for TRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for TRTX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.56 | POSITIVE | The high ADX value value for TRTX suggests a strong trend. |
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 |
|---|---|---|---|
| 9.38 | 8.71 | 0.67 (7.14%) | 14.00% |
| An entry @9.38. This is a Buy Stop order right above the 10 day high. | An exit @8.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.67 points, which is 7.14%. | For a 1.00% total portfolio risk, you can invest 14.00% of your capital in this trade. |
- 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.
9.07
+0.12 (+1.34%)
TPG RE FINANCE TRUST INC / TRTX FAQ
What is the ChartMill technical rating of TPG RE FINANCE TRUST INC (TRTX) stock?
ChartMill assigns a technical rating of 6 / 10 to TRTX.
What is the current trend direction of TPG RE FINANCE TRUST INC (TRTX) stock?
The current trend direction for TPG RE FINANCE TRUST INC (TRTX) is Bullish.
What is the RSI signal for TRTX stock?
TPG RE FINANCE TRUST INC (TRTX) has an RSI value of 59.3813. This indicates that the stock is currently neutral.
What is the MACD signal for TRTX stock?
The MACD indicator for TPG RE FINANCE TRUST INC (TRTX) has a value of 0.0358512, indicating a bearish trend.
What is the buy/sell signal for TPG RE FINANCE TRUST INC (TRTX) stock?
The buy/sell signal for TPG RE FINANCE TRUST INC (TRTX) is buy as both the short term and long term trends are positive.