RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TRNS
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Red day on Friday for Transcat stock after losing 0.0511%
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 12, 2024 Gain 5.61% PDF

The Transcat stock price fell by -0.0511% on the last day (Friday, 19th Jul 2024) from $136.92 to $136.85. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.80% from a day low at $134.05 to a day high of $137.81. The price has been going up and down for this period, and there has been a 11.91% gain for the last 2 weeks. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 97 thousand shares were bought and sold for approximately $13.32 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.59% during the next 3 months and, with a 90% probability hold a price between $136.13 and $169.95 at the end of this 3-month period.

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TRNS Signals & Forecast

The Transcat stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $134.49 and $125.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -4.42%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Transcat stock

Transcat finds support from accumulated volume at $134.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.76 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 3.84%.

Our recommended stop-loss: $132.84 (-2.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (TRNS) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Transcat to open at $136.24, and during the day (based on 14 day Average True Range), to move between $132.50 and $141.20, which gives a possible trading interval of +/-$4.35 (+/-3.18%) up or down from last closing price. If Transcat takes out the full calculated possible swing range there will be an estimated 6.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $134.47 (1.74%) than the resistance at $141.86 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Transcat stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transcat stock to perform well in the short-term.

Current score: 3.505 Buy Candidate Unchanged

Predicted Opening Price for Transcat of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$136.24 ( 0.448%) $136.85

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TRNS

Fibonacci Support & Resistance Levels

Level Price
R3 140.00 2.30%
R2 138.56 1.25%
R1 137.67 0.601%
Price 136.85
S1 134.80 -1.50%
S2 133.91 -2.15%
S3 132.48 -3.20%

Accumulated Volume Support & Resistance Levels

Level Price
R3 143.18 4.63%
R2 142.18 3.89%
R1 141.86 3.66%
Price 136.85
S1 134.47 -1.74%
S2 133.75 -2.27%
S3 119.68 -12.55%

FAQ

What is the symbol for Transcat Stock and on which exchange is it traded?
The symbol for Transcat is TRNS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Transcat Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transcat stock to perform well in the short-term.

How to buy Transcat Stock?
Transcat Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Transcat Stock.

What's the current price of Transcat Stock?
As of the end of day on the Jul 19, 2024, the price of an Transcat (TRNS) share was $136.85.

What is the 52-week high and low for Transcat Stock?
The 52-week high for Transcat Stock is $147.00 and the 52-week low is $81.89.

What is the market capitalization of Transcat Stock?
As of the Jul 19, 2024, the market capitalization of Transcat is 1.251B.

When is the next earnings date for Transcat?
The upcoming earnings date for Transcat is Jul 29, 2024.
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About Transcat

Transcat Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services. This segment also provides CalTrak, a proprietary document and asset management software that is used to integrate a... TRNS Profile

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