TITAN MACHINERY INC (TITN) Technical Analysis
NASDAQ:TITN • US88830R1014
Taking everything into account, TITN scores 4 out of 10 in our technical rating. TITN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month TITN has a been trading in the 16.87 - 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.
- TITN is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 73% of 46 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that TITN is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- 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.
TITN has an average technical rating and it also does not offer a high quality setup 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.28 to 15.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.94 to 14.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 17.36 to 17.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.26 to 20.64. 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 | NEUTRAL | NEUTRAL | The long term trend for TITN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TITN is down. |
| ChartMill Relative Strength | 75.97 | POSITIVE | TITN has a high relative strength, it outperformed 75.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TITN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TITN is below 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) | 39.6 | NEUTRAL | The RSI value for TITN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests TITN has a negative trend. |
| Stochastics (14,3) | 20.69 | NEUTRAL | The Stochastics value for TITN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for TITN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.29 | POSITIVE | The high ADX value value for TITN suggests a strong trend. |
TITN Technicals: Chart, Performance Metrics, Trend & Indicators
17.35
-0.63 (-3.5%)
TITAN MACHINERY INC / TITN FAQ
What is the technical rating for TITN stock?
ChartMill assigns a technical rating of 4 / 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 39.5996. 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 15.29 and a resistance level at 17.36. Check the full technical report for our detailed analysis of TITN support and resistance levels.