We assign a technical rating of 8 out of 10 to TRXC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRXC is showing a nice and steady performance.
Besides having an excellent technical rating, TRXC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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3.67
When analyzing the support we notice one important area.
- A support zone ranging from 3.71 to 3.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.55 from a horizontal line in the daily time frame.
- Resistance @5.82 from a trend 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 TRXC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRXC is neutral. |
| ChartMill Relative Strength | 99.13 | POSITIVE | TRXC has a high relative strength, it outperformed 99.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRXC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRXC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRXC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.41 | NEUTRAL | The RSI value for TRXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests TRXC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.78 | NEUTRAL | The Stochastics value for TRXC is a neutral value. |
| Average True Range in percent/ATR (20) | 24.37 | HIGH VOLATILITY | The high ATR as a percentage value for TRXC suggests high volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.56 | 3.70 | 0.86 (18.86%) | 5.30% |
| An entry @4.56. This is a Buy Stop order right above the resistance zone. | An exit @3.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 18.86%. | For a 1.00% total portfolio risk, you can invest 5.30% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRXC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.08
-0.46 (-10.13%)
Transenterix Inc / TRXC FAQ
What is the technical rating for TRXC stock?
ChartMill assigns a technical rating of 7 / 10 to TRXC.
Can you provide the trend direction for Transenterix Inc?
The current trend direction for Transenterix Inc (TRXC) is Bullish.
What is the RSI signal for TRXC stock?
Transenterix Inc (TRXC) has an RSI value of 50.4144. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Transenterix Inc?
Transenterix Inc (TRXC) has a support level at 3.71 and a resistance level at 4.55. Check the full technical report for our detailed analysis of TRXC support and resistance levels.