TPG RE FINANCE TRUST INC (TRTX) Stock Technical Analysis
NYSE:TRTX - New York Stock Exchange, Inc. - US87266M1071 - REIT - Currency: USD
We assign a technical rating of 6 out of 10 to TRTX. In the last year, TRTX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, 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 a resistance zone just above the current price starting at 8.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.09, a Stop Loss order could be placed below this zone.
More info and screens
7.07
4 important support areas can be observed.
- A support zone ranging from 7.87 to 8.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.67 to 7.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.47 from a horizontal line in the daily time frame.
- Support @7.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.12 to 8.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.70 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.14 to 9.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 28.84 | NEGATIVE | TRTX has a low relative strength, it was outperformed by 71.16% 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) | 54.9 | 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) | 77.29 | NEUTRAL | The Stochastics value for TRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for TRTX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.1 | NEGATIVE | The low ADX value for TRTX suggests a weak or negative 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 |
|---|---|---|---|
| 8.25 | 7.94 | 0.31 (3.82%) | 25.00% |
| An entry @8.25. This is a Buy Stop order right above the resistance zone. | An exit @7.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.31 points, which is 3.82%. | For a 0.95% total portfolio risk, you can invest 25.00% 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.
8.1
-0.09 (-1.1%)