Weaker Buy Today TRIG.L ranks #67 as BUY CANDIDATE. Stronger Buy
Today TRIG.L ranks #67 as BUY CANDIDATE.

TRIG.L stock Trio Industries Grp

TRIG.L stock
Trio Industries Grp

April 24, 2019
Change 1.31%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will TRIG.L stock price go up or down on Fri, 26 Apr 2019?

Trio Industries Grp Forecast and Stock Analysis

Technical TRIG.L stock analysis for April 24, 2019.

Buy candidate since 2019-04-12 Gain 1.64%

Trio Industries Grp gained 1.31% in the last trading day, rising from £122.40 to £124.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 5 of the last 10 days and is up by 1.81% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.41 million more shares were traded than the day before. In total, 2.59 million shares bought and sold for approximately £321.34 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TRIG.L stock was £124.00. This is 1.31% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.63% from a day low at £122.40 to a day high of £124.40.

30 day high of the TRIG.L stock price was £124.40 and low was £115.40.
90 day high was £124.40 and low was £115.40.
52 week high for the Trio Industries Grp - £124.40 and low - £104.40.

Trend

Trio Industries Grp has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at £123.50, a level that may pose a second chance to hit a runner. According to fan-theory £130.66 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Trio Industries Grp holds buy signals from both short- and long-term moving averages. In addition, 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 £122.46 and £118.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 25, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Thursday May 31, 2018 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Trio Industries Grp finds support from accumulated volume at £118.60.

Support: £118.60 Price: £124.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £2.00 (1.63%) between high and low. For the last week, the stock has had a daily average volatility of 0.85%.

The stock is extremely overbought on RSI14 (79). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: £116.98 (-5.66%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from pivot bottom found 20 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Trio Industries Grp holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today TRIG.L ranks #67 as BUY CANDIDATE. Stronger Buy
Today TRIG.L ranks #67 as BUY CANDIDATE.