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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
TrueCar, Inc. (NASDAQ:TRUE)
Long-Term Downtrend (-90) - TRUE is in a strong downtrend that is likely to continue. While TRUE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRUE?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRUE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TRUE
The long-term trend has been DOWN since Apr 12th, 2024 at 2.96
The intermediate-term trend has been DOWN since Feb 22nd, 2024 at 3.50
The short-term trend has been DOWN since May 8th, 2024 at 2.84
Smart Scan Analysis for TRUE
Based on our trend formula, TRUE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.740 | 2.845 | 2.740 | 2.825 | +0.095 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.730 | 40685 | 2024-05-09 13:39:25 |
| Year High | 14.55 | Year High Date | 2018-09-21 |
| Year Low | 8.75 | Year Low Date | 2018-05-17 |
| 52wk High | 4.05 | 52wk High Date | 2024-02-21 |
| 52wk Low | 1.76 | 52wk Low Date | 2023-10-27 |
| Year End Close | 0.33 | Average Volume | 157,286 |
| Shares Outstanding | 91,668 | Short Interest | 330,624 |
| % Institutional | 0.2 | Market Cap | 457M |
| Assets | 193,529,000M | Liabilities | 37,496,000M |
| P/E Ratio | 5.7759 | Beta | 0.99 |
| Volatility | 66.44 |