Trine Acquisition Corp Cl A (TRNE) Stock Technical Analysis
NYSE:TRNE - New York Stock Exchange, Inc. -
We assign a technical rating of 10 out of 10 to TRNE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRNE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TRNE did better than 96% of all other stocks.
TRNE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TRNE has a been trading in the 10.24 - 25.42 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TRNE has an average volume of 1738930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRNE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.60
25.02
2 important support areas can be observed.
- A support zone ranging from 9.90 to 10.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.70 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.14
Mansfield9.93
10 Day High25.42
10 Day Low11.26
20 Day High25.42
20 Day Low10.24
52 Week High25.42
52 Week Low9.4
Performance
1 Week85.4%
2 Weeks114.46%
1 Month137.72%
3 Month98.16%
6 Month147.08%
12 Month148.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.41
RSI(14)96.91
LBB5.7
UBB24.11
24.77
+1.22 (+5.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.18%
1 Week85.4%
2 Weeks114.46%
1 Month137.72%
3 Month98.16%
6 Month147.08%
12 Month148.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%5.79%
ATR Inc284.18%
Range Today4.06
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
CRS96.14
Mansfield9.93
10 Day High25.42
10 Day Low11.26
20 Day High25.42
20 Day Low10.24
52 Week High25.42
52 Week Low9.4
CS1 End10.24
CR1 StartN/A
Volume & EV
DER(3)4.23%
DER(5)3.65%
Volume8.84M
Volume Incr392.19%
Vol(5)7.39M
Vol(50)1.74M