THERMON GROUP HOLDINGS INC (THR) Stock Technical Analysis
USA - NYSE:THR - US88362T1034 - Common Stock
We assign a technical rating of 6 out of 10 to THR. In the last year, THR was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, THR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.97, a Stop Loss order could be placed below this zone.
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23.86
4 important support areas can be observed.
- A support zone ranging from 26.41 to 26.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.08 from a horizontal line in the daily time frame.
- Support @24.61 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.10 to 24.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.41 to 28.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.81 to 30.51. 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 | NEUTRAL | NEUTRAL | The long term trend for THR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THR is up. |
| ChartMill Relative Strength | 44.59 | NEUTRAL | THR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of THR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.69 | NEUTRAL | The RSI value for THR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests THR has a positive trend. |
| Stochastics (14,3) | 83.14 | OVERBOUGHT | The high Stochastics value suggests THR may be overbought. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for THR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.28 | NEGATIVE | The low ADX value for THR 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 |
|---|---|---|---|
| 28.43 | 26.40 | 2.03 (7.14%) | 14.00% |
| An entry @28.43. This is a Buy Stop order right above the resistance zone. | An exit @26.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.03 points, which is 7.14%. | When investing 14.00% 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.
28.07
+0.58 (+2.11%)
THERMON GROUP HOLDINGS INC / THR FAQ
Can you provide the ChartMill technical rating for THERMON GROUP HOLDINGS INC?
ChartMill assigns a technical rating of 6 / 10 to THR.
What is the trend direction for THR stock?
The current trend direction for THERMON GROUP HOLDINGS INC (THR) is Bearish.
What is the RSI signal for THERMON GROUP HOLDINGS INC (THR) stock?
THERMON GROUP HOLDINGS INC (THR) has an RSI value of 59.6948. This indicates that the stock is currently neutral.
What is the MACD signal for THERMON GROUP HOLDINGS INC (THR) stock?
The MACD indicator for THERMON GROUP HOLDINGS INC (THR) has a value of 0.134473, indicating a bearish trend.
Can you provide the short term momentum for THERMON GROUP HOLDINGS INC?
The short term momentum for THERMON GROUP HOLDINGS INC (THR) is positive.