TRUECAR INC (TRUE) Stock Technical Analysis
NASDAQ:TRUE - US89785L1070 - Common Stock
2.11 USD
-0.09 (-4.09%)
2.15 USD
+0.04 (+1.9%)
We assign a technical rating of 7 out of 10 to TRUE. In the last year, TRUE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TRUE has a been trading in the 1.53 - 2.31 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, TRUE outperforms 64% of them, which is more or less in line with the market.
TRUE is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, TRUE did better than 54% of them.
TRUE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRUE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRUE has an excellent technical rating, it does not present a decent entry opportunity 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
1.55
2.23
We found 4 important support areas.
- A support zone ranging from 1.91 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.85 from a horizontal line in the daily time frame.
- Support @1.72 from a trend line in the daily time frame.
- Support @1.57 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.21 to 2.21. 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 | UP | POSITIVE | The short term trend for TRUE is up. |
| ChartMill Relative Strength | 64.31 | 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) | 58.1 | NEUTRAL | The RSI value for TRUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TRUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.87 | NEUTRAL | The Stochastics value for TRUE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for TRUE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.31 | 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)
2.11
-0.09 (-4.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-4.09%
1 Week7.65%
2 Weeks10.47%
1 Month20.57%
3 Month49.65%
6 Month0%
12 Month-29.43%
2 Year1.93%
3 Year39.74%
5 Year-57.8%
10 Year-59.5%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.77%
ATR Inc13.83%
Range Today0.13
ADR(20)0.16
ADR(20)%7.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.31
Mansfield-2.57
10 Day High2.31
10 Day Low1.8
20 Day High2.31
20 Day Low1.53
52 Week High4.62
52 Week Low1.05
CS1 End1.96
CR1 Start2.21
Volume & EV
DER(3)8.38%
DER(5)8.11%
Volume159.20K
Volume Incr14.14%
Vol(5)579.28K
Vol(50)368.20K