ITT INC (ITT) Stock Technical Analysis
NYSE:ITT • US45073V1089
We assign a technical rating of 10 out of 10 to ITT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ITT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ITT did better than 84% of all other stocks. We also observe that the gains produced by ITT over the past year are nicely spread over this period.
- ITT 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.
- ITT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ITT has an average volume of 1056540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ITT is an average performer in the Machinery industry, it outperforms 70% of 131 stocks in the same industry.
ITT 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 206.88. Right above this resistance zone may be a good entry point.
More info and screens
137.97
We found 4 important support areas.
- A support zone ranging from 179.76 to 186.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 168.52 to 169.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @164.90 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 206.88 to 207.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 84.59 | POSITIVE | ITT has a high relative strength, it outperformed 84.59% 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) | 68.59 | NEUTRAL | The RSI value for ITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests ITT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.85 | OVERBOUGHT | The high Stochastics value suggests ITT may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ITT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.01 | POSITIVE | The high ADX value value for ITT suggests a strong 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 |
|---|---|---|---|
| 207.47 | 196.27 | 11.20 (5.40%) | 18.52% |
| An entry @207.47. This is a Buy Stop order right above the resistance zone. | An exit @196.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 11.20 points, which is 5.40%. | When investing 18.52% 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.
206.47
+2.15 (+1.05%)
ITT INC / ITT FAQ
Can you provide the ChartMill technical rating for ITT INC?
ChartMill assigns a technical rating of 10 / 10 to ITT.
Can you provide the trend direction for ITT INC?
The current trend direction for ITT INC (ITT) is Bullish.
What is the RSI signal for ITT stock?
ITT INC (ITT) has an RSI value of 68.594. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ITT INC?
The short term momentum for ITT INC (ITT) is positive.
What is the buy/sell signal for ITT INC (ITT) stock?
The buy/sell signal for ITT INC (ITT) is buy as both the short term and long term trends are positive.