Trinet Group Inc (TNET): Price Now Near $94.97; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for TNET

At the moment, TNET (Get Ratings)’s price is up $0.16 (0.16%) from the hour prior. This is the 2nd hour in a row TNET has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 50 hour changed directions on TNET; it is now pointing up. 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 108th 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 $0.53 (0.57%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. 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. The chart below shows TNET’s price action over the past 90 days.

TNET

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TNET: Daily RSI Analysis

  • TNET’s RSI now stands at 21.7039.
  • TNET and RSI may be exhibiting divergent trends. This may be something to monitor.

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