TRUECAR INC (TRUE) Stock Technical Analysis
NASDAQ:TRUE - Nasdaq - US89785L1070 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TRUE. In the past year, TRUE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
TRUE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TRUE has a been trading in the 1.44 - 2.06 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, TRUE turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
TRUE is an average performer in the Interactive Media & Services industry, it outperforms 44% of 70 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
TRUE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.45
2.02
4 important support areas can be observed.
- A support zone ranging from 1.94 to 1.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.85 from a trend line in the daily time frame.
- Support @1.75 from a horizontal line in the daily time frame.
- Support @1.46 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.98 to 2.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for TRUE is up. |
| ChartMill Relative Strength | 41.42 | NEUTRAL | TRUE is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TRUE is above the rising 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) | 60.84 | NEUTRAL | The RSI value for TRUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TRUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.39 | NEUTRAL | The Stochastics value for TRUE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for TRUE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.72 | POSITIVE | The high ADX value value for TRUE suggests a strong 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)
1.95
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0%
1 Week11.11%
2 Weeks-1.02%
1 Month26.62%
3 Month52.34%
6 Month-43.48%
12 Month-46.43%
2 Year-20.41%
3 Year-24.12%
5 Year-48.14%
10 Year-70.09%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.06%
ATR Inc-63.54%
Range Today0.04
ADR(20)0.11
ADR(20)%5.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.42
Mansfield-3.47
10 Day High2.06
10 Day Low1.69
20 Day High2.06
20 Day Low1.44
52 Week High4.62
52 Week Low1.05
CS1 End1.94
CR1 Start1.98
Volume & EV
DER(3)1.45%
DER(5)-1.17%
Volume148.10K
Volume Incr-36.18%
Vol(5)179.40K
Vol(50)311.62K