TITAN Technical Analysis - TITAN

Technical Rating and Analysis

Taking everything into account, TITAN scores 0 out of 10 in our technical rating. TITAN'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.

90% of all other stocks performed better in the past year than TITAN.

TITAN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: TITAN has an average volume of 3327 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month TITAN has a been trading in the 0.88 - 0.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

TITAN is an average performer in the IT Services industry, it outperforms 43% of 76 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, TITAN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.92, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.91

1.03

When analyzing the support we notice one important area.

A support zone ranging from 0.92 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 0.95 to 0.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.00 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.02 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for TITAN.AS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TITAN.AS is down.
ChartMill Relative Strength	10.96	NEGATIVE	TITAN.AS has a low relative strength, it was outperformed by 89.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of TITAN.AS is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TITAN.AS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TITAN.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.28	NEUTRAL	The RSI value for TITAN.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests TITAN.AS has a positive trend.
Stochastics (14,3)	78.57	NEUTRAL	The Stochastics value for TITAN.AS is a neutral value.
Average True Range in percent/ATR (20)	2.15	MEDIUM VOLATILITY	The ATR as a percentage value for TITAN.AS suggests some volalility.
Average Directional Index/ADX (14)	31.29	POSITIVE	The high ADX value value for TITAN.AS suggests a strong trend.