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. 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.
ITT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 182.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
137.97
We found 4 important support areas.
- A support zone ranging from 178.15 to 182.28. 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 168.52 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 184.42 to 184.99. 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 | 79.27 | POSITIVE | ITT has a high relative strength, it outperformed 79.27% 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) | 53.61 | NEUTRAL | The RSI value for ITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests ITT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.93 | NEUTRAL | The Stochastics value for ITT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ITT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.54 | NEUTRAL | The ADX value for ITT suggests a possible start of a new 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 |
|---|---|---|---|
| 185.00 | 178.14 | 6.86 (3.71%) | 25.00% |
| An entry @185.00. This is a Buy Stop order right above the resistance zone. | An exit @178.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.86 points, which is 3.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- 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.
184.3
+0.78 (+0.43%)
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 53.6141. 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.