TRUE Technical Analysis - TRUECAR INC

Technical Rating and Analysis

Taking everything into account, TRUE scores 4 out of 10 in our technical rating. TRUE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

89% of all other stocks performed better in the past year than TRUE.

TRUE is one of the lesser performing stocks in the Interactive Media & Services industry. 77% of 69 stocks in the same industry do better.

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 1.91 - 2.53 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

TRUE has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.79

2.37

We found 3 important support areas.

A support zone ranging from 2.00 to 2.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.94 from a horizontal line in the daily time frame.
Support @1.81 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 2.02 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.35 from a trend line in the daily time frame.

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Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	11.54	NEGATIVE	TRUE has a low relative strength, it was outperformed by 88.46% 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	MIXED	The current price of TRUE is below 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)	44.94	NEUTRAL	The RSI value for TRUE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests TRUE has a negative trend.
Stochastics (14,3)	38.67	NEUTRAL	The Stochastics value for TRUE is a neutral value.
Average True Range in percent/ATR (20)	8.25	HIGH VOLATILITY	The high ATR as a percentage value for TRUE suggests high volalility.
Average Directional Index/ADX (14)	16.58	NEGATIVE	The low ADX value for TRUE suggests a weak or negative trend.