TRINSEO PLC (TSE) Stock Technical Analysis
NYSE:TSE - New York Stock Exchange, Inc. - IE0000QBK8U7 - Common Stock - Currency: USD
Overall TSE gets a technical rating of 7 out of 10. Although TSE has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TSE is part of the Chemicals industry. There are 84 other stocks in this industry. TSE outperforms 84% of them.
In the last month TSE has a been trading in the 2.52 - 3.85 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, TSE did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TSE 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 TSE 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.
Although TSE has an excellent technical rating, it does not present a decent entry opportunity 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
2.56
5.57
When analyzing the support we notice one important area.
- Support @2.59 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.78 to 3.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.87 from a trend line in the daily time frame.
- A resistance zone ranging from 4.44 to 4.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.33 from a trend line in the weekly time frame.
- Resistance @5.51 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 | NEUTRAL | NEUTRAL | The long term trend for TSE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSE is up. |
| ChartMill Relative Strength | 85.6 | POSITIVE | TSE has a high relative strength, it outperformed 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.88 | NEUTRAL | The RSI value for TSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TSE has a positive trend. |
| Stochastics (14,3) | 91.54 | OVERBOUGHT | The high Stochastics value suggests TSE may be overbought. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for TSE suggests high volalility. |
| Average Directional Index/ADX (14) | 23.28 | NEUTRAL | The ADX value for TSE suggests a possible start of a new trend. |
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)
3.77
+0.02 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.53%
1 Week11.21%
2 Weeks25.67%
1 Month39.11%
3 Month-11.71%
6 Month-20.96%
12 Month51.41%
2 Year-70.24%
3 Year-90.2%
5 Year-82.99%
10 Year-85.95%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%5.89%
ATR Inc-3.27%
Range Today0.17
ADR(20)0.22
ADR(20)%5.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.6
Mansfield-0.94
10 Day High3.85
10 Day Low2.95
20 Day High3.85
20 Day Low2.52
52 Week High7.05
52 Week Low1.94
CS1 End2.59
CR1 Start3.78
Volume & EV
DER(3)0.29%
DER(5)0.33%
Volume228.00K
Volume Incr-21.53%
Vol(5)233.66K
Vol(50)317.24K