THERMON GROUP HOLDINGS INC (THR) Technical Analysis
NYSE:THR • US88362T1034
Current stock price
THR Technical Rating and Analysis
Taking everything into account, THR scores 9 out of 10 in our technical rating. 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, THR did better than 92% 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 77% of them.
- THR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so THR is performing more or less in line with the market.
- In the last month THR has a been trading in the 43.47 - 58.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
THR Weekly and Daily overview Charts
THR Setup Rating and Analysis
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
THR Support and Resistance Analysis
44.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.26 to 46.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.49 from a horizontal line in the daily time frame.
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 | 92.03 | POSITIVE | THR has a high relative strength, it outperformed 92.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of THR is above 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) | 56.27 | NEUTRAL | The RSI value for THR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests THR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.3 | NEUTRAL | The Stochastics value for THR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.42 | 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 Technicals: Chart, Performance Metrics, Trend & Indicators
49.47
+1.3 (+2.7%)
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 56.2691. 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 -0.220974, 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.