THERMON GROUP HOLDINGS INC (THR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THR - US88362T1034 - Common Stock
Overall THR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THR is showing a nice and steady performance.
Although THR has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
23.36
When analyzing the support we can see 5 important areas.
- Support @37.08 from a trend line in the daily time frame.
- A support zone ranging from 25.78 to 25.85. This zone is formed by a combination of multiple trend lines 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.
- Support @23.60 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 THR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THR is up. |
| ChartMill Relative Strength | 91.72 | POSITIVE | THR has a high relative strength, it outperformed 91.72% off all stocks 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) | UP | POSITIVE | The current price of THR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.03 | NEUTRAL | The RSI value for THR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests THR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.88 | OVERBOUGHT | The high Stochastics value suggests THR may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for THR suggests some volalility. |
| Average Directional Index/ADX (14) | 41.89 | POSITIVE | The high ADX value value for THR suggests a strong trend. |
39.53
-0.7 (-1.74%)
THERMON GROUP HOLDINGS INC / THR FAQ
Can you provide the ChartMill technical rating for THERMON GROUP HOLDINGS INC?
ChartMill assigns a technical rating of 9 / 10 to THR.
What is the trend direction for THR stock?
The current trend direction for THERMON GROUP HOLDINGS INC (THR) is Bullish.
What is the RSI signal for THERMON GROUP HOLDINGS INC (THR) stock?
THERMON GROUP HOLDINGS INC (THR) has an RSI value of 69.0348. 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 0.186976, 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.