Twin River Worldwide Holdings Inc (TRWH) Stock Technical Analysis
NYSE:TRWH - New York Stock Exchange, Inc. -
We assign a technical rating of 8 out of 10 to TRWH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TRWH is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
TRWH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRWH is performing more or less in line with the market.
In the last month TRWH has a been trading in the 22.35 - 28.20 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, TRWH did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRWH has an excellent technical rating, it does not offer a high quality setup 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
22.08
30.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.60 to 24.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.83 from a trend line in the daily time frame.
- Support @22.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @27.19 from a trend line in the weekly time frame.
- Resistance @28.05 from a horizontal line in the daily time frame.
- Resistance @29.73 from a horizontal line in the weekly time frame.
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 TRWH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRWH is up. |
| ChartMill Relative Strength | 73.8 | POSITIVE | TRWH has a high relative strength, it outperformed 73.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRWH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRWH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRWH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.76 | NEUTRAL | The RSI value for TRWH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests TRWH has a positive trend. |
| Stochastics (14,3) | 90.6 | OVERBOUGHT | The high Stochastics value suggests TRWH may be overbought. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TRWH suggests some volalility. |
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)
27.14
-0.91 (-3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.24%
1 Week11.83%
2 Weeks10.37%
1 Month9.66%
3 Month13.94%
6 Month67.02%
12 Month9.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%4.58%
ATR Inc37.32%
Range Today1.64
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.8
Mansfield1.11
10 Day High28.2
10 Day Low22.72
20 Day High28.2
20 Day Low22.35
52 Week High30.45
52 Week Low7.22
CS1 End24.56
CR1 Start27.19
Volume & EV
DER(3)0.18%
DER(5)2.87%
Volume85.70K
Volume Incr5.73%
Vol(5)177.82K
Vol(50)168.75K