TRUECAR INC (TRUE) Technical Analysis
NASDAQ:TRUE • US89785L1070
Current stock price
2.54 USD
+0.33 (+14.93%)
At close:
2.54 USD
0 (0%)
After Hours:
TRUE Technical Rating and Analysis
Overall TRUE gets a technical rating of 4 out of 10. In the last year, TRUE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 80% of all other stocks performed better in the past year than TRUE.
- In the last month TRUE has a been trading in the 2.06 - 2.54 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- TRUE is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, TRUE did better than 60% of them.
- TRUE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRUE is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TRUE Weekly and Daily overview Charts
TRUE Setup Rating and Analysis
TRUE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
TRUE Support and Resistance Analysis
1.49
2.57
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.20 to 2.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.14 from a trend line in the daily time frame.
- Support @2.09 from a horizontal line in the daily time frame.
- Support @1.54 from a trend line in the weekly time frame.
- Support @1.51 from a trend line in the daily time frame.
TRUE 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 | 20.92 | NEGATIVE | TRUE has a low relative strength, it was outperformed by 79.08% off all stocks 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) | UP | POSITIVE | The current price of TRUE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.75 | 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. |
| Stochastics (14,3) | 56.71 | NEUTRAL | The Stochastics value for TRUE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for TRUE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for TRUE suggests a weak or negative trend. |
TRUE Chart- and CandleStick Pattern Analysis
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)
TRUE Technicals: Chart, Performance Metrics, Trend & Indicators
2.54
+0.33 (+14.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg14.93%
1 Week21.53%
2 Weeks9.96%
1 Month18.69%
3 Month6.72%
6 Month29.59%
12 Month-29.83%
2 Year-28.25%
3 Year-18.59%
5 Year-43.3%
10 Year-60.8%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.53%
ATR Inc232.91%
Range Today0.01
ADR(20)0.07
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.92
3 months CRS72.26
6 months CRS84.82
Mansfield1.33
10 Day High2.54
10 Day Low2.06
20 Day High2.54
20 Day Low2.06
52 Week High3.83
52 Week Low1.05
CS1 End2.25
CR1 StartN/A
Volume & EV
DER(3)2.5%
DER(5)5.74%
Volume14.77M
Volume Incr268.02%
Vol(5)3.52M
Vol(50)997.65K
TRUECAR INC / TRUE TA FAQ
What is the technical rating for TRUE stock?
ChartMill assigns a technical rating of 4 / 10 to TRUE.
What is the current trend direction of TRUECAR INC (TRUE) stock?
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 68.7454. This indicates that the stock is currently neutral.
What is the MACD signal for TRUE stock?
The MACD indicator for TRUECAR INC (TRUE) has a value of 0.0130441, indicating a bearish trend.