Trimble Inc (TRMB): Price Now Near $80.46; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for TRMB

Currently, TRMB (Get Ratings)’s price is up $0.8 (1.01%) from the hour prior. TRMB has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Measuring and Control Equipment stocks, TRMB ranks 22nd in regards to today’s price percentage change.

TRMB’s Technical Outlook on the Daily Chart

At the moment, TRMB’s price is up $1.75 (2.22%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as TRMB has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Trimble Inc’s price action over the past 90 days can be seen via the chart below.

TRMB

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TRMB: Daily RSI Analysis

  • For TRMB, its RSI is now at 43.9698.
  • TRMB and RSI both have consistent trends, as they are both heading down.

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