TRUECAR INC (TRUE) Stock Technical Analysis
USA - NASDAQ:TRUE - US89785L1070 - Common Stock
Taking everything into account, TRUE scores 7 out of 10 in our technical rating. Although TRUE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TRUE has an excellent technical rating, but the quality of the setup is only medium 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
1.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.18 to 2.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.45 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @2.33 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for TRUE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRUE is up. |
| ChartMill Relative Strength | 14.4 | NEGATIVE | TRUE has a low relative strength, it was outperformed by 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRUE is below 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 | MIXED | The current price of TRUE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.79 | NEUTRAL | The RSI value for TRUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRUE has a negative trend. |
| Stochastics (14,3) | 41.55 | NEUTRAL | The Stochastics value for TRUE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for TRUE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for TRUE suggests a possible start of a new trend. |
2.19
-0.01 (-0.45%)
TRUECAR INC / TRUE FAQ
What is the technical rating for TRUE stock?
ChartMill assigns a technical rating of 7 / 10 to TRUE.
Can you provide the trend direction for TRUECAR INC?
The current trend direction for TRUECAR INC (TRUE) is Bullish.
What is the RSI signal for TRUECAR INC (TRUE) stock?
TRUECAR INC (TRUE) has an RSI value of 51.7919. 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 -0.0186218, indicating a bearish trend.
What is the buy/sell signal for TRUE stock?
The buy/sell signal for TRUECAR INC (TRUE) is buy as both the short term and long term trends are positive.