TRANE TECHNOLOGIES PLC (TT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TT - IE00BK9ZQ967 - Common Stock
Overall TT gets a technical rating of 3 out of 10. 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.
TT has a poor technical rating and the quality of the setup is also not perfect 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.
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315.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 398.95 to 411.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @338.40 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 2 important areas.
- A resistance zone ranging from 420.25 to 423.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 441.96 to 442.33. 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 | 50.59 | 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) | 50.22 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests TT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.7 | NEUTRAL | The Stochastics value for TT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.71 | NEGATIVE | The low ADX value for TT suggests a weak or negative trend. |
419.64
+0.82 (+0.2%)
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 50.2172. 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 411.92 and a resistance level at 420.25. Check the full technical report for our detailed analysis of TT support and resistance levels.