ITT INC (ITT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ITT - US45073V1089 - Common Stock
Overall ITT gets a technical rating of 6 out of 10. In the last year, ITT was one of the better performers, but we do observe some doubts in the very recent evolution.
ITT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 181.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 180.74, a Stop Loss order could be placed below this zone.
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137.97
4 important support areas can be observed.
- A support zone ranging from 178.54 to 180.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @175.20 from a horizontal line in the daily time frame.
- A support zone ranging from 169.96 to 170.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @139.36 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 181.10 to 183.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @195.48 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ITT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITT is neutral. |
| ChartMill Relative Strength | 75.38 | POSITIVE | ITT has a high relative strength, it outperformed 75.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ITT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.81 | NEUTRAL | The RSI value for ITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests ITT has a negative trend. |
| Stochastics (14,3) | 48.12 | NEUTRAL | The Stochastics value for ITT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for ITT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for ITT suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 183.67 | 178.53 | 5.14 (2.80%) | 25.00% |
| An entry @183.67. This is a Buy Stop order right above the resistance zone. | An exit @178.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.14 points, which is 2.80%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ITT. Please evaluate whether better entry and exit points can be found.
- 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.
180.99
-2.4 (-1.31%)
ITT INC / ITT FAQ
What is the technical rating for ITT stock?
ChartMill assigns a technical rating of 6 / 10 to ITT.
What is the trend direction for ITT stock?
The current trend direction for ITT INC (ITT) is Bullish.
What is the RSI signal for ITT INC (ITT) stock?
ITT INC (ITT) has an RSI value of 47.8124. This indicates that the stock is currently neutral.
What is the short term momentum for ITT stock?
The short term momentum for ITT INC (ITT) is neutral.