THERMON GROUP HOLDINGS INC (THR) Technical Analysis
NYSE:THR • US88362T1034
Current stock price
THR Technical Rating and Analysis
Overall THR gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month THR has a been trading in the 43.47 - 58.56 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, THR did better than 91% of all other stocks. On top of that, THR also shows a nice and consistent pattern of rising prices.
- THR is part of the Electrical Equipment industry. There are 91 other stocks in this industry. THR outperforms 73% of them.
- THR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so THR is lagging the market slightly.
THR Weekly and Daily overview Charts
THR Setup Rating and Analysis
THR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 46.57, a Stop Loss order could be placed below this zone.
More info and screens
THR Support and Resistance Analysis
44.05
When analyzing the support we notice one important area.
- A support zone ranging from 44.49 to 46.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @52.66 from a horizontal line in the daily time frame.
- Resistance @53.56 from a horizontal line in the daily time frame.
THR 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 THR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for THR is neutral. |
| ChartMill Relative Strength | 91.34 | POSITIVE | THR has a high relative strength, it outperformed 91.34% 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) | 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) | 52.33 | NEUTRAL | The RSI value for THR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests THR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.46 | NEUTRAL | The Stochastics value for THR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for THR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for THR suggests a possible start of a new trend. |
THR Chart- and CandleStick Pattern Analysis
THR Example Setup
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 |
|---|---|---|---|
| 52.67 | 44.48 | 8.19 (15.55%) | 6.43% |
| An entry @52.67. This is a Buy Stop order right above the resistance zone. | An exit @44.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.19 points, which is 15.55%. | When investing 6.43% 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.
THR Technicals: Chart, Performance Metrics, Trend & Indicators
48.17
+1.55 (+3.32%)
THERMON GROUP HOLDINGS INC / THR TA 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 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 52.3273. This indicates that the stock is currently neutral.
Can you provide the MACD signal for THERMON GROUP HOLDINGS INC?
The MACD indicator for THERMON GROUP HOLDINGS INC (THR) has a value of -0.445201, 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 neutral.