TRUECAR INC (TRUE) Stock Technical Analysis
NASDAQ:TRUE - Nasdaq - US89785L1070 - Common Stock - Currency: USD
Overall TRUE gets a technical rating of 1 out of 10. TRUE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, TRUE is a bad performer in the overall market: 92% of all stocks are doing better.
TRUE is one of the lesser performing stocks in the Interactive Media & Services industry. 80% of 71 stocks in the same industry do better.
TRUE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRUE is lagging the market.
In the last month TRUE has a been trading in the 1.05 - 1.74 range, which is quite wide. It is currently trading near the high of this range.
TRUE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.62. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TRUE 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.
More info and screens
1.34
3.84
2 important support areas can be observed.
- A support zone ranging from 1.55 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.35 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.62 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.80 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for TRUE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRUE is neutral. |
| ChartMill Relative Strength | 8.52 | NEGATIVE | TRUE has a low relative strength, it was outperformed by 91.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRUE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TRUE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRUE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.75 | NEUTRAL | The RSI value for TRUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TRUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.78 | OVERBOUGHT | The high Stochastics value suggests TRUE may be overbought. |
| Average True Range in percent/ATR (20) | 8.88 | HIGH VOLATILITY | The high ATR as a percentage value for TRUE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.93 | NEGATIVE | The low ADX value for TRUE 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)
1.56
-0.09 (-5.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-5.45%
1 Week0%
2 Weeks7.59%
1 Month1.3%
3 Month-37.6%
6 Month-63.12%
12 Month-45.07%
2 Year-30.97%
3 Year-53.15%
5 Year-42.22%
10 Year-88.72%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%8.88%
ATR Inc2.31%
Range Today0.1
ADR(20)0.14
ADR(20)%8.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.52
Mansfield-4.87
10 Day High1.74
10 Day Low1.39
20 Day High1.74
20 Day Low1.05
52 Week High4.62
52 Week Low1.05
CS1 End1.55
CR1 Start1.62
Volume & EV
DER(3)3.23%
DER(5)4.45%
Volume310.10K
Volume Incr10.55%
Vol(5)426.82K
Vol(50)395.78K