THERMON GROUP HOLDINGS INC (THR) Stock Technical Analysis
NYSE:THR - New York Stock Exchange, Inc. - US88362T1034 - Common Stock - Currency: USD
Taking everything into account, THR scores 0 out of 10 in our technical rating. THR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
87% of all other stocks performed better in the past year than THR.
THR is one of the lesser performing stocks in the Electrical Equipment industry. 69% of 93 stocks in the same industry do better.
THR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month THR has a been trading in the 23.86 - 28.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
THR has a poor technical rating and the quality of the setup is also not perfect 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
30.24
When analyzing the support we can see 2 important areas.
- Support @24.10 from a horizontal line in the weekly time frame.
- A support zone ranging from 23.60 to 23.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 26.97 to 27.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.42 to 28.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.54 to 29.94. 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 | DOWN | NEGATIVE | The long term trend for THR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for THR is down. |
| ChartMill Relative Strength | 13.68 | NEGATIVE | THR has a low relative strength, it was outperformed by 86.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of THR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of THR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.64 | NEUTRAL | The RSI value for THR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests THR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.21 | NEUTRAL | The Stochastics value for THR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for THR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for THR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.3
-0.68 (-2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.62%
1 Week1.4%
2 Weeks-10.54%
1 Month-9.96%
3 Month-16.09%
6 Month-15.13%
12 Month-14.67%
2 Year-7.93%
3 Year44.16%
5 Year92.25%
10 Year10.58%
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%3.6%
ATR Inc-17.58%
Range Today0.61
ADR(20)0.8
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.68
Mansfield-1.9
10 Day High28.45
10 Day Low23.86
20 Day High28.84
20 Day Low23.86
52 Week High33.25
52 Week Low23.05
CS1 End24.1
CR1 Start26.97
Volume & EV
DER(3)1.32%
DER(5)1.76%
Volume240.74K
Volume Incr110.79%
Vol(5)305.96K
Vol(50)181.34K