Tata Motors Ltd (TTM) Technical Analysis

NYSE:TTM • US8765685024

25.14 USD

+0.26 (+1.05%)

At close: Jan 23, 2023

24.75 USD

-0.39 (-1.55%)

After Hours: 1/23/2023, 8:04:00 PM

TTM Technical Rating and Analysis

Overall TTM gets a technical rating of 2 out of 10. TTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, TTM is a bad performer in the overall market: 81% of all stocks are doing better.
TTM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TTM is lagging the market.
In the last month TTM has a been trading in the 22.06 - 25.93 range, which is quite wide. It is currently trading near the high of this range.
TTM has an average volume of 1274880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TTM is part of the Automobiles industry. There are 35 other stocks in this industry, TTM did better than 58% of them.
Volume is considerably higher in the last couple of days.

More info and screens

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TTM Weekly and Daily overview Charts

Tata Motors Ltd / TTM Weekly stock chart

TTM Setup Rating and Analysis

The technical rating of TTM is bad and it also does not present a quality setup 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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TTM Support and Resistance Analysis

22.13

30.45

We found 3 important support areas.

A support zone ranging from 24.83 to 25.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 23.97 to 24.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 22.35 to 22.58. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 25.15 to 25.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @26.39 from a trend line in the daily time frame.
A resistance zone ranging from 27.14 to 27.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @28.55 from a horizontal line in the daily time frame.
Resistance @30.15 from a horizontal line in the weekly time frame.

More info and screens

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TTM Technical Indicator Signal Analysis

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 TTM is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TTM is neutral.
ChartMill Relative Strength	19.23	NEGATIVE	TTM has a low relative strength, it was outperformed by 80.77% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TTM is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of TTM is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TTM is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.28	NEUTRAL	The RSI value for TTM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests TTM has a positive trend.
Stochastics (14,3)	68.09	NEUTRAL	The Stochastics value for TTM is a neutral value.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for TTM suggests some volalility.
Average Directional Index/ADX (14)	15.79	NEGATIVE	The low ADX value for TTM suggests a weak or negative trend.

TTM Chart- and CandleStick Pattern Analysis

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)

More info

Bullish Engulfing Bearish Engulfing Bullish Harami Bullish Hammer Gravestone Doji Dragonfly Doji Shooting Star Dark Cloud Cover Bull Flags Ascending Triangle Descending Triangle Symmetrical Triangle Rising Wedge Falling Wedge Double Bottom Ascending Channel Descending Channel Double Top Squeeze Plays

TTM Technicals: Chart, Performance Metrics, Trend & Indicators

Tata Motors Ltd

NYSE:TTM (1/23/2023, 8:04:00 PM)

After market: 24.75 -0.39 (-1.55%)

25.14

+0.26 (+1.05%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS SectorConsumer Discretionary

GICS IndustryAutomobiles

Performance

% Chg1.05%

1 Week0.92%

2 Weeks7.76%

1 Month4.66%

3 Month-0.48%

6 Month-11.85%

12 Month-23.28%

2 YearN/A

3 YearN/A

5 YearN/A

10 YearN/A

15 YearN/A

Volatility

ATR(14)0.67

ATR(20)%2.78%

ATR Inc117.76%

Range Today1.17

ADR(20)N/A

ADR(20)%N/A

Trend & SMA

ST Trend

LT Trend

SMA(5)

SMA(10)

SMA(20)

SMA(50)

SMA(100)

SMA(200)

Relative Strength & Ranges

CRS19.23

3 months CRSN/A

6 months CRSN/A

Mansfield-0.64

10 Day High25.93

10 Day Low23.34

20 Day High25.93

20 Day Low22.06

52 Week High34.5

52 Week Low22.06

CS1 End25

CR1 Start25.15

Volume & EV

DER(3)-0.47%

DER(5)1.05%

Volume3.65M

Volume Incr275.34%

Vol(5)4.18M

Vol(50)1.27M

Tata Motors Ltd / TTM TA FAQ

Can you provide the ChartMill technical rating for Tata Motors Ltd?

ChartMill assigns a technical rating of 2 / 10 to TTM.

What is the current trend direction of Tata Motors Ltd (TTM) stock?

The current trend direction for Tata Motors Ltd (TTM) is Bearish.

Can you provide the RSI signal for Tata Motors Ltd?

Tata Motors Ltd (TTM) has an RSI value of 56.2839. This indicates that the stock is currently neutral.

What are the support and resistance levels for Tata Motors Ltd (TTM) stock?

Tata Motors Ltd (TTM) has a support level at 25 and a resistance level at 25.15. Check the full technical report for our detailed analysis of TTM support and resistance levels.