TPG RE FINANCE TRUST INC (TRTX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRTX - US87266M1071 - REIT
Overall TRTX gets a technical rating of 3 out of 10. In the last year, TRTX was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is bad, TRTX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. 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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7.56
3 important support areas can be observed.
- A support zone ranging from 8.80 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 @7.64 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 | NEUTRAL | NEUTRAL | The short term trend for TRTX is neutral. |
| ChartMill Relative Strength | 33.44 | NEUTRAL | TRTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRTX is below a declining 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) | 50.56 | NEUTRAL | The RSI value for TRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TRTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.67 | NEUTRAL | The Stochastics value for TRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for TRTX suggests low volalility. |
| Average Directional Index/ADX (14) | 25.74 | POSITIVE | The high ADX value value for TRTX suggests a strong trend. |
8.95
-0.2 (-2.19%)
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 3 / 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 50.5569. 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 0.0120505, indicating a bearish trend.