TRANE TECHNOLOGIES PLC (TT) Stock Technical Analysis
NYSE:TT - New York Stock Exchange, Inc. - IE00BK9ZQ967 - Common Stock - Currency: USD
Taking everything into account, TT scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TT did better than 87% of all other stocks.
TT is part of the Building Products industry. There are 41 other stocks in this industry. TT outperforms 92% of them.
TT is currently trading near its 52 week high, which is a good sign. 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 1214930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TT has a been trading in the 424.06 - 451.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 446.61, 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
454.57
4 important support areas can be observed.
- A support zone ranging from 419.69 to 446.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @346.57 from a trend line in the weekly time frame.
- Support @327.66 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 447.69 to 450.07. 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 | 87.29 | POSITIVE | TT has a high relative strength, it outperformed 87.29% 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) | 63.21 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests TT has a positive trend. |
| Stochastics (14,3) | 78.29 | NEUTRAL | The Stochastics value for TT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for TT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.04 | 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 |
|---|---|---|---|
| 450.08 | 425.61 | 24.47 (5.44%) | 18.39% |
| An entry @450.08. This is a Buy Stop order right above the resistance zone. | An exit @425.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 24.47 points, which is 5.44%. | When investing 18.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
447.68
+5.2 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg1.18%
1 Week2.59%
2 Weeks4.87%
1 Month4.86%
3 Month28.65%
6 Month11.68%
12 Month35.78%
2 Year124.47%
3 Year204.57%
5 Year300.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.67
ATR(20)%1.8%
ATR Inc14.89%
Range Today13.74
ADR(20)7.96
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.29
Mansfield0.78
10 Day High451.87
10 Day Low425.62
20 Day High451.87
20 Day Low424.06
52 Week High451.87
52 Week Low298.15
CS1 End446.61
CR1 Start447.69
Volume & EV
DER(3)-5.48%
DER(5)-3.5%
Volume1.48M
Volume Incr-14.96%
Vol(5)1.08M
Vol(50)1.21M