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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
Thu, 15 Jun 2017NoneHammerMon, 12 Jun 20170.42%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.10 0.00 (0%) Jun 23 4:00pm EDT
Open: 11.95 Range: 11.95 - 12.10 Vol: 10.52K Avg Vol: 8.79K
EPS: 0.64 P/E ratio: 18.67 EBITDA: 14.12M Mkt Cap: 84.16M
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 11.94
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 12.07
Last Trade is above the 50 day moving average at 12.09
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 11.24
* 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 95% of the time with an average daily volume of 8.8K shares being traded. The 50 day moving average, currently at 12.09, 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 42.5% 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 11.24. 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 $14.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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