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.
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 support zone below the current price at 381.69, a Stop Loss order could be placed below this zone.
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315.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 376.42 to 381.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @341.98 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 387.43 to 407.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @423.29 from a horizontal line in the daily time frame.
- A resistance zone ranging from 431.92 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 | 26.4 | NEGATIVE | TT has a low relative strength, it was outperformed by 73.6% off all stocks 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) | 39.43 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests TT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for TT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.68 | POSITIVE | The high ADX value value for TT suggests a strong trend. |
381.7
+3.34 (+0.88%)
TRANE TECHNOLOGIES PLC / TT FAQ
What is the technical rating for TT stock?
ChartMill assigns a technical rating of 0 / 10 to TT.
Can you provide the trend direction for TRANE TECHNOLOGIES PLC?
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 39.4328. This indicates that the stock is currently neutral.
What is the MACD signal for TT stock?
The MACD indicator for TRANE TECHNOLOGIES PLC (TT) has a value of -0.463571, indicating a bearish trend.
What is the short term momentum for TRANE TECHNOLOGIES PLC (TT) stock?
The short term momentum for TRANE TECHNOLOGIES PLC (TT) is negative.