We assign a technical rating of 3 out of 10 to TRUE. TRUE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
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 2.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.14, a Stop Loss order could be placed below this zone. 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
1.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.08 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.17 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.43 to 2.46. 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 | NEUTRAL | NEUTRAL | The long term trend for TRUE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRUE is neutral. |
| ChartMill Relative Strength | 13.12 | NEGATIVE | TRUE has a low relative strength, it was outperformed by 86.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRUE is below a declining 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 | MIXED | The current price of TRUE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.25 | NEUTRAL | The RSI value for TRUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRUE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.87 | NEUTRAL | The Stochastics value for TRUE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for TRUE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.07 | NEGATIVE | The low ADX value for TRUE suggests a weak or negative trend. |
2.16
-0.01 (-0.46%)
TRUECAR INC / TRUE FAQ
What is the technical rating for TRUE stock?
ChartMill assigns a technical rating of 3 / 10 to TRUE.
Can you provide the trend direction for TRUECAR INC?
The current trend direction for TRUECAR INC (TRUE) is Bearish.
What is the RSI signal for TRUECAR INC (TRUE) stock?
TRUECAR INC (TRUE) has an RSI value of 49.2525. This indicates that the stock is currently neutral.
What is the MACD signal for TRUECAR INC (TRUE) stock?
The MACD indicator for TRUECAR INC (TRUE) has a value of -0.00396432, indicating a bearish trend.