Technical Analysis for TRNE - Trine Acquisition Corp. Class A

Grade Last Price % Change Price Change
grade A 17.37 20.04% 2.90
TRNE closed up 20.04 percent on Friday, December 4, 2020, on 5.1 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical TRNE trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Parabolic Rise Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Older End-of-Day Signals for TRNE ...

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Profile

Trine Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 26, 2018 and is headquartered in New York, NY.
Corporate Finance Private Equity Special Purpose Acquisition Company Mergers And Acquisitions Net Element Chase Bank

Is TRNE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 17.56
52 Week Low 9.4
Average Volume 1,307,292
200-Day Moving Average 10.50
50-Day Moving Average 11.08
20-Day Moving Average 11.66
10-Day Moving Average 12.93
Average True Range 0.92
ADX 41.17
+DI 50.36
-DI 3.19
Chandelier Exit (Long, 3 ATRs ) 14.81
Chandelier Exit (Short, 3 ATRs ) 12.99
Upper Bollinger Band 15.20
Lower Bollinger Band 8.12
Percent B (%b) 1.31
BandWidth 60.75
MACD Line 1.09
MACD Signal Line 0.51
MACD Histogram 0.5764
Fundamentals Value
Market Cap 521.36 Million
Num Shares 30 Million
EPS 0.07
Price-to-Earnings (P/E) Ratio 237.95
Price-to-Sales 0.00
Price-to-Book 1.86
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.99
Resistance 3 (R3) 20.65 19.10 20.38
Resistance 2 (R2) 19.10 18.18 19.27 20.18
Resistance 1 (R1) 18.24 17.61 18.67 18.58 19.98
Pivot Point 16.69 16.69 16.91 16.86 16.69
Support 1 (S1) 15.83 15.77 16.26 16.17 14.76
Support 2 (S2) 14.28 15.20 14.45 14.56
Support 3 (S3) 13.42 14.28 14.36
Support 4 (S4) 13.76