ITT Technical Analysis - ITT INC

Technical Rating and Analysis

Overall ITT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ITT is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

ITT is part of the Machinery industry. There are 129 other stocks in this industry. ITT outperforms 71% of them.

ITT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ITT is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that ITT is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month ITT has a been trading in the 167.22 - 185.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ITT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

137.97

184.72

When analyzing the support we can see 3 important areas.

A support zone ranging from 175.89 to 176.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @164.89 from a horizontal line in the daily time frame.
Support @139.36 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 179.21 to 182.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for ITT is up.
ChartMill Relative Strength	75.68	POSITIVE	ITT has a high relative strength, it outperformed 75.68% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ITT is above the rising 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)	54.44	NEUTRAL	The RSI value for ITT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.65	NEGATIVE	The MACD value suggests ITT has a negative trend.
Stochastics (14,3)	42.59	NEUTRAL	The Stochastics value for ITT is a neutral value.
Average True Range in percent/ATR (20)	2.08	MEDIUM VOLATILITY	The ATR as a percentage value for ITT suggests some volalility.
Average Directional Index/ADX (14)	33.08	POSITIVE	The high ADX value value for ITT suggests a strong trend.