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Transcat, Inc. (TRNS) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Electrical Products
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Piercing PatternBullish EngulfingTue, 14 Nov 20175.62%
***Stock database and scans are updated around midnight (New York time) every trading day.
13.15 0.00 (0%) Nov 17 4:00pm EST
Open: 12.50 Range: 12.50 - 13.50 Vol: 50K Avg Vol: 21.95K
EPS: 0.63 P/E ratio: 20.08 EBITDA: 14.43M Mkt Cap: 90.18M
Analyze "TRNS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.64
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 12.67
Last Trade is below the 50 day moving average at 13.34
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 12.56
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of TRNS

Stock Trend Analysis - Buy, Sell or Hold "Transcat, Inc." (TRNS)?

TRNS is in a very strong uptrend. In the last 52 weeks, TRNS has been trading above the 200 day moving average for 96% of the time with an average daily volume of 21.9K shares being traded. The 50 day moving average, currently at 13.34, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. TRNS was only able to maintain above the 20 SMA for 30% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in TRNS is near the 200 SMA currently at 12.56. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "TRNS".

The analyst consensus estimates for the 1 year price target for this stock is $19.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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