TRANE TECHNOLOGIES PLC (TT) Technical Analysis
NYSE:TT • IE00BK9ZQ967
Current stock price
TT Technical Rating and Analysis
Overall TT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TT did better than 82% of all other stocks.
- TT is one of the better performing stocks in the Building Products industry, it outperforms 90% of 42 stocks in the same industry.
- A new 52 week high is currently being made by TT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TT has a been trading in the 403.14 - 480.51 range, which is quite wide. It is currently trading near the high of this range.
- TT has an average volume of 1304620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TT Weekly and Daily overview Charts
TT Setup Rating and Analysis
Although TT has an excellent technical rating, it 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
TT Support and Resistance Analysis
315.84
When analyzing the support we can see 6 important areas.
- A support zone ranging from 472.07 to 472.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 458.05 to 460.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 436.53 to 443.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @418.01 from a trend line in the weekly time frame.
- A support zone ranging from 398.96 to 410.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @319.03 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 476.12 to 476.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
TT 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 | 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 | 82.17 | POSITIVE | TT has a high relative strength, it outperformed 82.17% 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) | 66.18 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.7 | POSITIVE | The MACD value suggests TT has a positive trend. |
| Stochastics (14,3) | 85.31 | OVERBOUGHT | The high Stochastics value suggests TT may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for TT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.74 | NEUTRAL | The ADX value for TT suggests a possible start of a new trend. |
TT Chart- and CandleStick Pattern Analysis
TT Technicals: Chart, Performance Metrics, Trend & Indicators
476.11
+15.84 (+3.44%)
TRANE TECHNOLOGIES PLC / TT TA FAQ
What is the technical rating for TT stock?
ChartMill assigns a technical rating of 10 / 10 to TT.
Can you provide the trend direction for TRANE TECHNOLOGIES PLC?
The current trend direction for TRANE TECHNOLOGIES PLC (TT) is Bullish.
What is the RSI signal for TRANE TECHNOLOGIES PLC (TT) stock?
TRANE TECHNOLOGIES PLC (TT) has an RSI value of 66.1814. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRANE TECHNOLOGIES PLC?
The MACD indicator for TRANE TECHNOLOGIES PLC (TT) has a value of 4.69851, indicating a bullish trend.
What are the support and resistance levels for TRANE TECHNOLOGIES PLC (TT) stock?
TRANE TECHNOLOGIES PLC (TT) has a support level at 472.54 and a resistance level at 476.12. Check the full technical report for our detailed analysis of TT support and resistance levels.