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 0 out of 10. TSE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
90% of all other stocks performed better in the past year than TSE.
TSE is part of the Chemicals industry. There are 85 other stocks in this industry, of which 66% are performing better than TSE.
TSE is currently trading in the lower part 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.
In the last month TSE has a been trading in the 2.34 - 4.42 range, which is quite wide. It is currently trading near the lows of this range.
TSE has a poor technical rating and the quality of the setup is also only medium 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
2.48
5.57
When analyzing the support we can see 2 important areas.
- Support @2.62 from a trend line in the daily time frame.
- A support zone ranging from 2.51 to 2.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @3.62 from a trend line in the weekly time frame.
- Resistance @3.89 from a trend line in the daily time frame.
- Resistance @4.09 from a trend line in the daily time frame.
- Resistance @4.45 from a horizontal line in the daily time frame.
- Resistance @4.63 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 | DOWN | NEGATIVE | The long term trend for TSE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TSE is down. |
| ChartMill Relative Strength | 10.79 | NEGATIVE | TSE has a low relative strength, it was outperformed by 89.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSE is below 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) | UP | MIXED | The current price of TSE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.48 | 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) | 47.46 | NEUTRAL | The Stochastics value for TSE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.65 | HIGH VOLATILITY | The high ATR as a percentage value for TSE suggests high volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for TSE suggests a strong 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)
2.92
+0.08 (+2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.82%
1 Week10.19%
2 Weeks19.18%
1 Month-26.63%
3 Month-40.65%
6 Month-32.56%
12 Month-23.76%
2 Year-76.49%
3 Year-93.83%
5 Year-85.81%
10 Year-90%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%9.65%
ATR Inc-19.5%
Range Today0.27
ADR(20)0.26
ADR(20)%8.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.79
Mansfield-2.86
10 Day High2.98
10 Day Low2.34
20 Day High4.42
20 Day Low2.34
52 Week High7.05
52 Week Low1.94
CS1 End2.62
CR1 Start3.62
Volume & EV
DER(3)2.83%
DER(5)2.19%
Volume304.70K
Volume Incr-31.03%
Vol(5)280.28K
Vol(50)364.54K