Shares of TT Now Oversold

By Metals Channel Staff, Tuesday, September 14, 6:02 PM ET

In trading on Tuesday, shares of Trane Technologies plc (NYSE:TT) entered into oversold territory, changing hands as low as $183.29 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Trane Technologies plc, the RSI reading has hit 28.7 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 46.7, the RSI of Spot Gold is at 44.2, and the RSI of Spot Silver is presently 41.0.

A bullish investor could look at TT's 28.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), TT's low point in its 52 week range is $117.13 per share, with $207.06 as the 52 week high point — that compares with a last trade of $183.38. Trane Technologies plc shares are currently trading off about 2.9% on the day.

Trane Technologies plc 1 Year Performance Chart

Can your brain be trained to become a chart-predicting wizard? Click here to find out

This Article's Word Cloud:   Channel   Click   Gold   Index   Looking   Metals   NYSE   Oversold   Relative   Silver   Spot   Start   Stocks   Strength   Technologies   Trane   Tuesday   about   analysis   average   become   begin   below   brain   bullish   case   changing   chart   compares   comparison   considered   could   covered   currently   define   entered   entry   exhausting   look   mdash   oversold   point   reading   share   shares   territory   that   trading   week   with

Shares of TT Now Oversold |

Copyright © 2010 - 2021, All Rights Reserved Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and metals videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.