TRANE TECHNOLOGIES PLC (TT) Stock Technical Analysis
USA - NYSE:TT - IE00BK9ZQ967 - Common Stock
We assign a technical rating of 8 out of 10 to TT. Although TT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TT has an excellent technical rating, but the quality of the setup is only medium 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
We found 4 important support areas.
- A support zone ranging from 408.31 to 429.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 398.95 to 400.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @336.61 from a trend line in the weekly time frame.
- Support @319.03 from a horizontal line in the weekly time frame.
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 | 62.25 | NEUTRAL | TT is not amongst the best or worst performers 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) | 65.93 | NEUTRAL | The RSI value for TT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.11 | POSITIVE | The MACD value suggests TT has a positive trend. |
| Stochastics (14,3) | 77.17 | NEUTRAL | The Stochastics value for TT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for TT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.22 | NEUTRAL | The ADX value for TT suggests a possible start of a new trend. |
446.31
-2.34 (-0.52%)
TRANE TECHNOLOGIES PLC / TT FAQ
What is the technical rating for TT stock?
ChartMill assigns a technical rating of 8 / 10 to TT.
What is the trend direction for TT stock?
The current trend direction for TRANE TECHNOLOGIES PLC (TT) is Bullish.
What is the RSI signal for TT stock?
TRANE TECHNOLOGIES PLC (TT) has an RSI value of 65.9345. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for TRANE TECHNOLOGIES PLC?
TRANE TECHNOLOGIES PLC (TT) has a support level at 429.79. Check the full technical report for our detailed analysis of TT support and resistance levels.