TRANE TECHNOLOGIES PLC (TT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TT - IE00BK9ZQ967 - Common Stock
We assign a technical rating of 3 out of 10 to TT. TT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, TT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 418.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 408.31, a Stop Loss order could be placed below this zone.
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315.84
We found 3 important support areas.
- A support zone ranging from 398.95 to 408.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @339.00 from a trend line in the weekly time frame.
- Support @319.03 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 418.91 to 423.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 440.29 to 441.27. 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 TT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TT is neutral. |
| ChartMill Relative Strength | 44.75 | NEUTRAL | TT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TT is below 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) | 44.23 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests TT has a negative trend. |
| Stochastics (14,3) | 39.59 | NEUTRAL | The Stochastics value for TT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for TT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.32 | NEGATIVE | The low ADX value for TT suggests a weak or negative trend. |
411.22
+1.06 (+0.26%)
TRANE TECHNOLOGIES PLC / TT FAQ
What is the technical rating for TT stock?
ChartMill assigns a technical rating of 3 / 10 to TT.
What is the trend direction for TT stock?
The current trend direction for TRANE TECHNOLOGIES PLC (TT) is Bearish.
What is the RSI signal for TT stock?
TRANE TECHNOLOGIES PLC (TT) has an RSI value of 44.2315. This indicates that the stock is currently neutral.
What are the support and resistance levels for TRANE TECHNOLOGIES PLC (TT) stock?
TRANE TECHNOLOGIES PLC (TT) has a support level at 408.31 and a resistance level at 418.91. Check the full technical report for our detailed analysis of TT support and resistance levels.