TRANE TECHNOLOGIES PLC (TT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TT - IE00BK9ZQ967 - Common Stock
Taking everything into account, TT scores 0 out of 10 in our technical rating. TT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
TT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
315.84
When analyzing the support we can see 3 important areas.
- Support @389.83 from a horizontal line in the weekly time frame.
- Support @340.19 from a trend line in the weekly time frame.
- Support @319.03 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 393.82 to 402.77. 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 411.39 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 436.70 to 438.95. 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 | DOWN | NEGATIVE | The long term trend for TT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TT is down. |
| ChartMill Relative Strength | 38.5 | 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) | DOWN | NEGATIVE | The current price of TT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.79 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests TT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.1 | OVERSOLD | The low Stochastics value suggests TT may be oversold. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.44 | POSITIVE | The high ADX value value for TT suggests a strong trend. |
389.84
+4.62 (+1.2%)
TRANE TECHNOLOGIES PLC / TT FAQ
What is the technical rating for TT stock?
ChartMill assigns a technical rating of 0 / 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 38.7947. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRANE TECHNOLOGIES PLC (TT) stock?
The buy/sell signal for TRANE TECHNOLOGIES PLC (TT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TRANE TECHNOLOGIES PLC?
TRANE TECHNOLOGIES PLC (TT) has a support level at 389.83 and a resistance level at 393.82. Check the full technical report for our detailed analysis of TT support and resistance levels.