TITAN MACHINERY INC (TITN) Stock Technical Analysis
NASDAQ:TITN • US88830R1014
Overall TITN gets a technical rating of 7 out of 10. TITN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TITN has a been trading in the 15.44 - 20.08 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, TITN did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- TITN is part of the Trading Companies & Distributors industry. There are 51 other stocks in this industry, TITN did better than 54% of them.
- TITN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TITN is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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 16.99 to 17.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.27 to 16.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.94 to 15.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @20.41 from a trend line in the weekly time frame.
- A resistance zone ranging from 21.53 to 21.60. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for TITN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TITN is up. |
| ChartMill Relative Strength | 72 | POSITIVE | TITN has a high relative strength, it outperformed 72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TITN is above 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) | UP | POSITIVE | The current price of TITN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.85 | NEUTRAL | The RSI value for TITN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests TITN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.95 | OVERBOUGHT | The high Stochastics value suggests TITN may be overbought. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for TITN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for TITN suggests a strong trend. |
19.03
-0.6 (-3.06%)
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 Bearish.
What is the RSI signal for TITAN MACHINERY INC (TITN) stock?
TITAN MACHINERY INC (TITN) has an RSI value of 65.8487. 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 17.29 and a resistance level at 20.41. Check the full technical report for our detailed analysis of TITN support and resistance levels.