TITN Technical Analysis - TITAN MACHINERY INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to TITN. TITN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

79% of all other stocks performed better in the past year than TITN.

TITN is one of the lesser performing stocks in the Trading Companies & Distributors industry. 64% of 49 stocks in the same industry do better.

TITN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

TITN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TITAN MACHINERY INC / TITN Weekly stock chart

TITAN MACHINERY INC / TITN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, TITN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.33, 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

13.05

21.75

We found 2 important support areas.

A support zone ranging from 15.27 to 15.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @13.18 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 15.64 to 15.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 20.22 to 20.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @21.04 from a trend line in the weekly time frame.
Resistance @21.53 from a horizontal line in the daily time frame.

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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 TITN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TITN is down.
ChartMill Relative Strength	21.47	NEGATIVE	TITN has a low relative strength, it was outperformed by 78.53% 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)	DOWN	NEGATIVE	The current price of TITN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of TITN is below the rising SMA(200).
Relative Strength Index/RSI (14)	29.78	OVERSOLD	The low RSI value suggests TITN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests TITN has a positive trend.
Stochastics (14,3)	11.94	OVERSOLD	The low Stochastics value suggests TITN may be oversold.
Average True Range in percent/ATR (20)	4.24	MEDIUM VOLATILITY	The ATR as a percentage value for TITN suggests some volalility.
Average Directional Index/ADX (14)	31.5	POSITIVE	The high ADX value value for TITN suggests a strong trend.