Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


TRANE TECHNOLOGIES PLC

New York Stock Exchange, Inc. / Industrials / Building Products

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to TT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, TT did better than 94% of all other stocks. On top of that, TT also shows a nice and consistent pattern of rising prices.
TT is one of the better performing stocks in the Building Products industry, it outperforms 97% of 40 stocks in the same industry.
TT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TT has an average volume of 1001920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TT has a been trading in the 315.65 - 338.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
TT Weekly chart
TT Daily chart
Setup Rating and Analysis

10

TT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 332.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 322.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

207.34

341.31

5 important support areas can be observed.

  • A support zone ranging from 312.93 to 322.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @303.06 from a trend line in the daily time frame.
  • Support @288.26 from a horizontal line in the daily time frame.
  • Support @282.92 from a horizontal line in the daily time frame.
  • Support @209.43 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 332.92 to 337.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.39
Mansfield1.69
10 Day High331.66
10 Day Low315.65
20 Day High338.09
20 Day Low315.65
52 Week High338.09
52 Week Low182.96
Performance
1 Week1.75%
2 Weeks-0.97%
1 Month-0.47%
3 Month11.57%
6 Month35.51%
12 Month73.81%
2 Year150.34%
3 Year76.56%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.58
RSI(14)53.1
LBB314.37
UBB336.94
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
337.94315.6422.30 (6.60%)15.15%
An entry @337.94. This is a Buy Stop order right above the resistance zone.An exit @315.64. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 22.30 points, which is 6.60%.When investing 15.15% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.