Transenterix Inc (TRXC) Stock Technical Analysis
NYSEARCA:TRXC - NYSE Arca -
Taking everything into account, TRXC scores 8 out of 10 in our technical rating. 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.
In the last month TRXC has a been trading in the 3.07 - 6.95 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TRXC has an average volume of 38146500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TRXC did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
TRXC 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 TRXC is lagging the market slightly.
TRXC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
3.67
5.88
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.
2 important resistance areas can be observed.
- 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. |
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)
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 trade has a worst case loss of 0.86 points, which is 18.86%. | When investing 5.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-10.13%
1 Week4.62%
2 Weeks-7.69%
1 Month21.79%
3 Month705.37%
6 Month1046.71%
12 Month837.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%24.37%
ATR Inc16.87%
Range Today1.15
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
CRS99.13
Mansfield29.22
10 Day High6.06
10 Day Low3.45
20 Day High6.95
20 Day Low3.07
52 Week High6.95
52 Week Low0.28
CS1 End3.71
CR1 Start4.55
Volume & EV
DER(3)-1.58%
DER(5)-1.58%
Volume37.55M
Volume Incr44.54%
Vol(5)37.49M
Vol(50)38.15M