TriMas Technical Analysis (NASDAQ:TRS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the TriMas stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the TRS stock chart which creates a trading signal.
See TriMas bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of TriMas stock analysis.
TriMas Moving Average
Moving averages show the TRS stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for TriMas are mostly signals of long term trends and will help long term traders.
TriMas Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TRS stock. Currently the stock price of $31.2 is in the upper range of TriMas bollinger bands.
TriMas Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The TriMas MACD line is above the signal line.
TriMas Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 68.5 is the RSI value of TRS stock.