TATA MOTORS LTD-SPON ADR (TTM)       26.55  -0.26 (-0.97%)

26.55  -0.26 (-0.97%)

US8765685024 - ADR - After market: 26.55 0 (0%)

Technical Rating

4

Taking everything into account, TTM scores 4 out of 10 in our technical rating. In the past year, TTM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TTM is one of the better performing stocks in the Automobiles industry, it outperforms 75% of 33 stocks in the same industry.
In the last month TTM has a been trading in the 25.32 - 27.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, TTM is a bad performer in the overall market: 62% of all stocks are doing better.
TTM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.86% -7.14% -3.45% -15.58% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 38.46 22.92 - 35.08
TTM Weekly chart
TTM Daily chart

Support/Resistance Analysis


23.24

30.71
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 26.11 to 26.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 24.00 to 24.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 23.47 to 23.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 27.40 to 27.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A resistance zone ranging from 28.23 to 28.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 30.15 to 30.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Although the technical rating is only medium, TTM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.4. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TTM in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

TTM Daily chart

TATA MOTORS LTD-SPON ADR26.55

NYSE:TTM (12/2/2022, 7:06:59 PM)-0.26 (-0.97%)

After market: 26.55 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Automobiles
Performance
Today -0.97% 1 Week 0.61%
2 Weeks 3.79% 1 Month 4.86%
3 Month -7.14% 6 Month -3.45%
Volatility
ATR(14) 0.57 ATR(20)% 2.54%
ATR Inc 8.67% Range Today 0.46
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 38.46 Mansfield -0.45
10 Day High 27.3 10 Day Low 25.49
20 Day High 27.61 20 Day Low 25.32
52 Week High 35.08 52 Week Low 22.92
CS1 End 26.42 CR1 Start 27.4
Volume & EV
DER(3) 4.26% DER(5) 4.81%
Volume 1.10M Volume Incr -2.28%
Vol(5) 695.70K Vol(50) 821.65K

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