TWI Technical Analysis - TITAN INTERNATIONAL INC

Technical Rating and Analysis

Overall TWI gets a technical rating of 2 out of 10. TWI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

65% of all other stocks performed better in the past year than TWI.

In the last month TWI has a been trading in the 8.32 - 9.28 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.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

TWI is an average performer in the Machinery industry, it outperforms 44% of 128 stocks in the same industry.

TWI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TWI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TITAN INTERNATIONAL INC / TWI Weekly stock chart

TITAN INTERNATIONAL INC / TWI Daily stock chart

Setup Rating and Analysis

TWI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.11

10.24

We found 2 important support areas.

Support @8.42 from a trend line in the daily time frame.
A support zone ranging from 8.19 to 8.20. 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 8.66 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.07 to 9.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.14 from a trend line in the weekly time frame.

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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 TWI is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TWI is down.
ChartMill Relative Strength	35.39	NEUTRAL	TWI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of TWI is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TWI is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TWI is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.91	NEUTRAL	The RSI value for TWI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests TWI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	33.59	NEUTRAL	The Stochastics value for TWI is a neutral value.
Average True Range in percent/ATR (20)	3.52	MEDIUM VOLATILITY	The ATR as a percentage value for TWI suggests some volalility.
Average Directional Index/ADX (14)	10.19	NEGATIVE	The low ADX value for TWI suggests a weak or negative trend.