Trinet Group Inc (TNET): Price Now Near $91.73; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for TNET

At the time of this writing, TNET (Get Ratings)’s price is up $0.54 (0.59%) from the hour prior. This is the 3rd hour in a row TNET has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. 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.

TNET ranks 59th in terms of today’s price percentage change out of Business Services stocks.

TNET’s Technical Outlook on the Daily Chart

At the moment, TNET’s price is up $0.71 (0.78%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily 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. The chart below shows TNET’s price action over the past 90 days.

TNET

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TNET: Daily RSI Analysis

  • For TNET, its RSI is now at 64.3564.
  • TNET and RSI may be exhibiting divergent trends. This may be something to monitor.

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