ITT Technical Analysis - ITT INC

Technical Rating and Analysis

Overall ITT gets a technical rating of 4 out of 10. ITT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month ITT has a been trading in the 168.49 - 183.05 range, which is quite wide. It is currently trading near the lows of this range.

ITT is part of the Machinery industry. There are 130 other stocks in this industry. ITT outperforms 70% 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.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When comparing the yearly performance of all stocks, we notice that ITT is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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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

ITT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 172.81, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

137.97

184.72

2 important support areas can be observed.

A support zone ranging from 168.52 to 172.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @139.36 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 173.78 to 176.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 181.17 to 182.89. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The short term trend for ITT is down.
ChartMill Relative Strength	74.83	POSITIVE	ITT has a high relative strength, it outperformed 74.83% 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	MIXED	The current price of ITT is below 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)	45.48	NEUTRAL	The RSI value for ITT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.07	NEGATIVE	The MACD value suggests ITT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.19	NEUTRAL	The Stochastics value for ITT is a neutral value.
Average True Range in percent/ATR (20)	2.19	MEDIUM VOLATILITY	The ATR as a percentage value for ITT suggests some volalility.
Average Directional Index/ADX (14)	27.3	POSITIVE	The high ADX value value for ITT suggests a strong trend.