Trane Technologies Plc | TT

Daily Technical Analysis of Trane Technologies Plc

Trane Technologies bobbled around today only ended up 0.51% since yesterday.

Currently TT isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Trane Technologies has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the asset has grown 82.66 percent which isn't too bad. TT might find some support at the 221.33 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Trane Technologies By Price Target And Rating

The analysts are pretty neutral on Trane Technologies right now, so not much useful information here. The current Analysts Sentiment Score is 3.08. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-02-05 The Goldman Sachs Group increased their price target by 13.44% to $287.00. Royal Bank of Canada gave a boost to their price target and moved to $246.00 from $231.00 on 2024-02-02. Wells Fargo & Company boosted their price targ by 23% to $246.00 on 2023-12-19. On 2023-12-11 Citigroup increased their price target by 9.35% to $269.00. On 2023-11-02 Barclays increased their price target by 1.8% to $226.00. JPMorgan Chase & Co. announced an upgrade on 2023-10-06 from Underweight to Neutral and they set their price target at $191.00. Bank of America announced an upgrade on 2023-10-05 from Underperform to Neutral and moved up their price target to $210.00 which is a 12.3% increase. Morgan Stanley gave a boost to their price target and moved to $234.00 from $231.00 on 2023-09-22. HSBC announced that they are initiating coverage with a rating of Buy on 2023-09-15 and added a price target of $256.00. Mizuho gave a boost to their price target and moved to $200.00 from $185.00 on 2023-08-03.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
TT	3.08	2.79	0	3.82	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
TT	0.00	0.00

Short interest for Trane Technologies

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
TT	1.61	%0.9	2	16.5	2140000

Social Sentiment for Trane Technologies

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
TT

Companies with the highest correlation to Trane Technologies

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
JCI \| Johnson Controls Internat	1.64	-0.64	-0.24	7.36	14.55	14.82	59.26	87	83.04	33.83	72.84	0.00	-33523.46	0	1.65854
GGG \| Graco Inc	1.54	1.65	1.01	11.82	9.27	14.51	11.78	76	6.47	4.66	6.61	-675.22	-17757.88	0	1.12854
IEX \| IDEX Corporation	1.53	2.22	2.58	13.50	12.60	10.06	16.71	68	8.30	4.94	5.67	-344.84	-15426.50	100	3.17679
CARR \| Carrier Global Corporatio	1.45	1.30	3.98	1.77	5.80	19.07	45.34	64	37.11	59.20	106.08	-985.58	-32339.63	0	5.17618
ALLE \| Allegion Public Limited C	1.37	-0.02	1.98	-0.67	1.83	17.41	34.60	52	39.90	25.95	41.52	-587.52	-21198.76	0	2.10646
AOS \| A.O. Smith Corporation	1.35	0.64	1.79	-4.62	-12.28	-11.02	-3.38	20	-9.40	-9.81	-5.41	-8600.54	-3957.91	0	2.63983
LII \| Lennox International Inc.	1.34	1.09	6.04	7.35	11.44	30.77	57.94	57	117.17	145.82	163.20	0.00	-32116.85	0	2.87664
DOV \| Dover Corporation	1.32	1.11	2.10	6.38	10.06	11.59	46.57	77	62.48	33.25	57.24	0.00	-32454.70	0	1.82941

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