TRINSEO PLC (TSE) Stock Technical Analysis
NYSE:TSE - IE0000QBK8U7 - Common Stock
2.61 USD
+0.4 (+18.1%)
2.61 USD
0 (0%)
We assign a technical rating of 0 out of 10 to TSE. TSE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than TSE.
TSE is one of the lesser performing stocks in the Chemicals industry. 79% of 84 stocks in the same industry do better.
TSE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TSE has a been trading in the 1.90 - 2.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSE has a poor technical rating and the quality of the setup is also not perfect 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
2.57
3.14
We found 1 important support area.
- A support zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @2.78 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.87 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.11 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 | DOWN | NEGATIVE | The long term trend for TSE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSE is neutral. |
| ChartMill Relative Strength | 10.06 | NEGATIVE | TSE has a low relative strength, it was outperformed by 89.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSE is below a declining 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) | 51.33 | NEUTRAL | The RSI value for TSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TSE has a positive trend. |
| Stochastics (14,3) | 55.62 | NEUTRAL | The Stochastics value for TSE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.36 | HIGH VOLATILITY | The high ATR as a percentage value for TSE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.81 | NEGATIVE | The low ADX value for TSE suggests a weak or negative 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)
2.61
+0.4 (+18.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg18.1%
1 Week3.98%
2 Weeks26.7%
1 Month-11.82%
3 Month1.56%
6 Month-52.72%
12 Month-40.95%
2 Year-75.21%
3 Year-90.16%
5 Year-89.52%
10 Year-91.04%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%7.36%
ATR Inc63.67%
Range Today0.42
ADR(20)0.17
ADR(20)%6.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.06
Mansfield-4.1
10 Day High2.65
10 Day Low1.9
20 Day High2.98
20 Day Low1.9
52 Week High7.05
52 Week Low1.9
CS1 End2.6
CR1 Start2.78
Volume & EV
DER(3)3.2%
DER(5)-3.54%
Volume442.20K
Volume Incr-21.54%
Vol(5)300.18K
Vol(50)440.03K