THERMON GROUP HOLDINGS INC (THR) Stock Technical Analysis
NYSE:THR • US88362T1034
Taking everything into account, THR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, THR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, THR did better than 94% of all other stocks. We also observe that the gains produced by THR over the past year are nicely spread over this period.
- THR is part of the Electrical Equipment industry. There are 91 other stocks in this industry. THR outperforms 78% of them.
- THR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month THR has a been trading in the 40.01 - 53.52 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although THR has an excellent technical rating, the quality of the presented setup is not ideal 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
41.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.60 to 50.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.71 from a trend line in the daily time frame.
- A support zone ranging from 41.71 to 42.05. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 94.01 | POSITIVE | THR has a high relative strength, it outperformed 94.01% 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) | 73.73 | OVERBOUGHT | The high RSI value suggests THR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests THR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.46 | OVERBOUGHT | The high Stochastics value suggests THR may be overbought. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for THR suggests some volalility. |
| Average Directional Index/ADX (14) | 37.69 | POSITIVE | The high ADX value value for THR suggests a strong trend. |
51.69
+0.59 (+1.15%)
THERMON GROUP HOLDINGS INC / THR FAQ
Can you provide the ChartMill technical rating for THERMON GROUP HOLDINGS INC?
ChartMill assigns a technical rating of 10 / 10 to THR.
What is the current trend direction of THERMON GROUP HOLDINGS INC (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 73.7335. This indicates that the stock is currently overbought.
Can you provide the MACD signal for THERMON GROUP HOLDINGS INC?
The MACD indicator for THERMON GROUP HOLDINGS INC (THR) has a value of 0.406806, indicating a bearish trend.
What is the short term momentum for THERMON GROUP HOLDINGS INC (THR) stock?
The short term momentum for THERMON GROUP HOLDINGS INC (THR) is positive.