TITAN MACHINERY INC (TITN) Technical Analysis
NASDAQ:TITN • US88830R1014
Overall TITN gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TITN is only an average performer.
- In the last month TITN has a been trading in the 17.79 - 21.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that TITN is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- TITN is an average performer in the Trading Companies & Distributors industry, it outperforms 67% of 47 stocks in the same industry.
- TITN 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 TITN is lagging the market slightly.
Although TITN has an excellent technical rating, it does not present a decent entry opportunity 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
14.79
We found 3 important support areas.
- A support zone ranging from 17.80 to 18.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.26 to 15.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.29 to 20.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.01 from a horizontal line in the daily time frame.
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 TITN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TITN is neutral. |
| ChartMill Relative Strength | 77.26 | POSITIVE | TITN has a high relative strength, it outperformed 77.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TITN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TITN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TITN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.29 | NEUTRAL | The RSI value for TITN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests TITN has a negative trend. |
| Stochastics (14,3) | 24.02 | NEUTRAL | The Stochastics value for TITN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for TITN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.78 | POSITIVE | The high ADX value value for TITN suggests a strong trend. |
TITN Technicals: Chart, Performance Metrics, Trend & Indicators
18.05
-0.9 (-4.75%)
TITAN MACHINERY INC / TITN FAQ
What is the technical rating for TITN stock?
ChartMill assigns a technical rating of 7 / 10 to TITN.
What is the trend direction for TITN stock?
The current trend direction for TITAN MACHINERY INC (TITN) is Bullish.
What is the RSI signal for TITAN MACHINERY INC (TITN) stock?
TITAN MACHINERY INC (TITN) has an RSI value of 44.2929. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TITAN MACHINERY INC?
TITAN MACHINERY INC (TITN) has a support level at 18.04 and a resistance level at 20.29. Check the full technical report for our detailed analysis of TITN support and resistance levels.