TRUSTCO BANK CORP NY - Daily - Technical analysis published on 03/05/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 7.57 USD
My targets
7.28 USD (-1.05%)
6.55 USD (-11.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRUSTCO BANK CORP NY as long as the price remains well below 7.57 USD. The sellers” bearish objective is set at 7.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.55 USD. In case of crossing, the next objective would be the support located at 6.02 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRUSTCO BANK CORP NY rating is 7.36 USD. The price has increased by +2.65% since the last closing and was between 7.07 USD and 7.37 USD. This implies that the price is at +4.10% from its lowest and at -0.14% from its highest.7.07
7.37
7.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on TRUSTCO BANK CORP NY were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this TRUSTCO BANK CORP NY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.23 | 6.02 | 6.55 | 7.36 | 7.57 | 7.89 | 8.35 |
| Change (%) | -28.94% | -18.21% | -11.01% | - | +2.85% | +7.20% | +13.45% |
| Change | -2.13 | -1.34 | -0.81 | - | +0.21 | +0.53 | +0.99 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.61 | 6.84 | 7.01 | 7.24 | 7.41 | 7.64 | 7.81 |
| Camarilla | 7.06 | 7.10 | 7.13 | 7.17 | 7.21 | 7.24 | 7.28 |
| Woodie | 6.57 | 6.83 | 6.97 | 7.23 | 7.37 | 7.63 | 7.77 |
| Fibonacci | 6.84 | 7.00 | 7.09 | 7.24 | 7.40 | 7.49 | 7.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.55 | 6.17 | 6.52 | 7.14 | 7.49 | 8.11 | 8.46 |
| Camarilla | 6.59 | 6.68 | 6.77 | 6.86 | 6.95 | 7.04 | 7.13 |
| Woodie | 5.41 | 6.10 | 6.38 | 7.07 | 7.35 | 8.04 | 8.32 |
| Fibonacci | 6.17 | 6.54 | 6.77 | 7.14 | 7.51 | 7.74 | 8.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.99 | 5.89 | 6.38 | 7.28 | 7.77 | 8.67 | 9.16 |
| Camarilla | 6.48 | 6.61 | 6.73 | 6.86 | 6.99 | 7.12 | 7.24 |
| Woodie | 4.78 | 5.79 | 6.17 | 7.18 | 7.56 | 8.57 | 8.95 |
| Fibonacci | 5.89 | 6.42 | 6.75 | 7.28 | 7.81 | 8.14 | 8.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.18 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -17.55 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 7.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.81 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 7.45 | |
| Zig ZAG (10): | 7.36 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 38.96 | |
| TEMA (21): | 7.16 | |
| Williams %R (14): | -54.10 | |
| Chande Momentum Oscillator (20): | -0.53 | |
| Repulse (5,40,3): | 2.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4100 | |
| Courbe Coppock: | 16.99 |
| MA7: | 7.24 | |
| MA20: | 7.67 | |
| MA50: | 8.12 | |
| MA100: | 8.36 | |
| MAexp7: | 7.31 | |
| MAexp20: | 7.60 | |
| MAexp50: | 7.96 | |
| MAexp100: | 8.14 | |
| Price / MA7: | +1.66% | |
| Price / MA20: | -4.04% | |
| Price / MA50: | -9.36% | |
| Price / MA100: | -11.96% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | -3.16% | |
| Price / MAexp50: | -7.54% | |
| Price / MAexp100: | -9.58% |
News
The last news published on TRUSTCO BANK CORP NY at the time of the generation of this analysis was as follows:
- Report: Developing Opportunities within Natus Medical, Aptevo Therapeutics, Revlon, Silgan, Resources Connection, and TrustCo Bank Corp NY — Future Expectations, Projections Moving into 2018
- TrustCo Bank Corp NY to Host Earnings Call
- Investor Network: TrustCo Bank Corp NY to Host Earnings Call
-
TrustCo Bank Corp NY
- TrustCo Announces Increased Fourth Quarter and Full Year 2016 Earnings
This member declared not having a position on this financial instrument or a related financial instrument.
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