TRANE TECHNOLOGIES PLC (TT) Stock Technical Analysis
NYSE:TT - New York Stock Exchange, Inc. - IE00BK9ZQ967 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
TT is one of the better performing stocks in the Building Products industry, it outperforms 90% of 41 stocks in the same industry.
TT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TT has an average volume of 1423050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TT is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month TT has a been trading in a tight range between 416.82 and 438.15.
TT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 432.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 431.29, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
315.84
441.79
4 important support areas can be observed.
- A support zone ranging from 419.69 to 433.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @341.24 from a trend line in the weekly time frame.
- Support @325.87 from a trend line in the weekly time frame.
- Support @319.03 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 437.42 to 437.42. 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 | UP | POSITIVE | The long term trend for TT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TT is up. |
| ChartMill Relative Strength | 87.02 | POSITIVE | TT has a high relative strength, it outperformed 87.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.24 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests TT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.87 | OVERBOUGHT | The high Stochastics value suggests TT may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for TT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.26 | NEGATIVE | The low ADX value for TT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 436.29 | 417.71 | 18.58 (4.26%) | 23.48% |
| An entry @436.29. This is a Buy Stop order right above the resistance zone. | An exit @417.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 18.58 points, which is 4.26%. | For a 1.00% total portfolio risk, you can invest 23.48% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
437.41
+5.12 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg1.18%
1 Week2.46%
2 Weeks3.8%
1 Month1.66%
3 Month37.5%
6 Month14.77%
12 Month31.88%
2 Year128.7%
3 Year236.81%
5 Year391.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.47
ATR(20)%1.56%
ATR Inc7.17%
Range Today6.66
ADR(20)6.69
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.02
Mansfield0.82
10 Day High438.15
10 Day Low417.72
20 Day High438.15
20 Day Low416.82
52 Week High438.15
52 Week Low298.15
CS1 End431.29
CR1 Start432.3
Volume & EV
DER(3)-1.11%
DER(5)-0.56%
Volume1.25M
Volume Incr29.17%
Vol(5)1.54M
Vol(50)1.42M