Stimulus Matters to the Stock Market and to Trinity Industries #TRN

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 26.86
P2 29.34 28.75 29.90
P3 29.93 29.58 33.24

#Investors often shrug off the impact of #stimulus but when fabricated demand comes into the #stockmarket everything is affected, even Trinity Industries (NYSE: TRN) and other stocks that might not be direct beneficiaries.  They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways.  For TRN we can see the impact demand changes have on price by looking at the trading plans and pivot points below.  This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done.  For an update, please request Unlimited Real Time Reports

Long Term Trading Plans for TRN

May 9, 2021, 12:15 pm ET

The Technical Summary and Trading Plans for TRN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TRN Report.

TRN - (Long) Support Plan

The technical summary data tells us to buy TRN near 29.90 with an upside target of 33.24. This data also tells us to set a stop loss @ 29.81 to protect against excessive loss in case the stock begins to move against the trade. 29.90 is the first level of support below 29.92 , and by rule, any test of support is a buy signal. In this case, support 29.90 is being tested, a buy signal would exist.

TRN - (Short) Resistance Plan

The technical summary data is suggesting a short of TRN as it gets near 33.24 with a downside target of 29.90. We should have a stop loss in place at 33.34though. 33.24 is the first level of resistance above 29.92, and by rule, any test of resistance is a short signal. In this case, if resistance 33.24 is being tested, a short signal would exist.

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for TRN

May 9, 2021, 12:15 pm ET

The Technical Summary and Trading Plans for TRN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TRN Report.

TRN - (Long) Support Plan

If 33.24 begins to break higher, the technical summary data tells us to buy TRN just over 33.24, with an upside target of n/a. The data also tells us to set a stop loss @ 33.14 in case the stock turns against the trade. 33.24 is the first level of resistance above 29.92, and by rule, any break above resistance is a buy signal. In this case, 33.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

TRN - (Short) Resistance Plan

The technical summary data is suggesting a short of TRN if it tests 33.24 with a downside target of 29.90. We should have a stop loss in place at 33.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TRN

May 9, 2021, 12:15 pm ET

The Technical Summary and Trading Plans for TRN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TRN Report.

TRN - (Long) Support Plan

If 29.93 begins to break higher, the technical summary data tells us to buy TRN just over 29.93, with an upside target of 33.24. The data also tells us to set a stop loss @ 29.86 in case the stock turns against the trade. 29.93 is the first level of resistance above 29.92, and by rule, any break above resistance is a buy signal. In this case, 29.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

TRN - (Short) Resistance Plan

The technical summary data is suggesting a short of TRN if it tests 29.93 with a downside target of 29.58. We should have a stop loss in place at 30 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.