TPG RE FINANCE TRUST INC (TRTX) Stock Technical Analysis
NYSE:TRTX - New York Stock Exchange, Inc. - US87266M1071 - REIT - Currency: USD
Taking everything into account, TRTX scores 4 out of 10 in our technical rating. In the past year, TRTX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, TRTX is a bad performer in the overall market: 72% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month TRTX has a been trading in the 7.48 - 8.13 range, which is quite wide. It is currently trading near the high of this range.
TRTX is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 42% of 65 stocks in the same industry.
TRTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRTX is lagging the market.
Volume is considerably higher in the last couple of days.
TRTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.72
9.47
We found 4 important support areas.
- A support zone ranging from 7.84 to 7.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.47 from a horizontal line in the daily time frame.
- Support @7.07 from a trend line in the weekly time frame.
- A support zone ranging from 6.79 to 6.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 7.99 to 8.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.34 from a horizontal line in the daily time frame.
- Resistance @8.53 from a horizontal line in the daily time frame.
- Resistance @8.74 from a trend line in the weekly time frame.
- Resistance @9.14 from a horizontal line in the weekly time frame.
- Resistance @9.38 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for TRTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRTX is up. |
| ChartMill Relative Strength | 28.37 | NEGATIVE | TRTX has a low relative strength, it was outperformed by 71.63% off all stocks 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) | UP | POSITIVE | The current price of TRTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.29 | NEUTRAL | The RSI value for TRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TRTX has a positive trend. |
| Stochastics (14,3) | 67.06 | NEUTRAL | The Stochastics value for TRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for TRTX suggests low volalility. |
| Average Directional Index/ADX (14) | 10.53 | NEGATIVE | The low ADX value for TRTX suggests a weak or negative 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)
7.98
+0.06 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.76%
1 Week0.63%
2 Weeks0.63%
1 Month5.14%
3 Month-0.5%
6 Month-5%
12 Month-7.64%
2 Year7.69%
3 Year-11.43%
5 Year-7.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.78%
ATR Inc-0.51%
Range Today0.09
ADR(20)0.13
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.37
Mansfield-0.99
10 Day High8.13
10 Day Low7.8
20 Day High8.13
20 Day Low7.48
52 Week High9.66
52 Week Low6.47
CS1 End7.96
CR1 Start7.99
Volume & EV
DER(3)-2.62%
DER(5)-1.62%
Volume874.30K
Volume Incr88.66%
Vol(5)913.30K
Vol(50)618.04K