ITT INC. - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 69.80 USD
My targets
72.64 USD (+1.89%)
75.66 USD (+6.13%)
My analysis
ITT INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 69.80 USD. The next resistance located at 72.64 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 75.66 USD. After this resistance, buyers could then target 80.62 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ITT INC. rating 71.29 USD. The price has increased by +0.69% since the last closing and was traded between 70.95 USD and 71.72 USD over the period. The price is currently at +0.48% from its lowest and -0.60% from its highest.70.95
71.72
71.29
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ITT INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 62.10 | 65.86 | 69.80 | 71.29 |
| Change (%) | -12.89% | -7.62% | -2.09% | - |
| Change | -9.19 | -5.43 | -1.49 | - |
| Level | Major | Minor | Intermediate | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.12 | 70.39 | 70.59 | 70.86 | 71.07 | 71.34 | 71.54 |
| Camarilla | 70.67 | 70.71 | 70.76 | 70.80 | 70.84 | 70.89 | 70.93 |
| Woodie | 70.09 | 70.37 | 70.56 | 70.85 | 71.04 | 71.32 | 71.51 |
| Fibonacci | 70.39 | 70.57 | 70.68 | 70.86 | 71.04 | 71.16 | 71.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.57 | 66.95 | 69.02 | 70.39 | 72.46 | 73.83 | 75.90 |
| Camarilla | 70.14 | 70.46 | 70.77 | 71.09 | 71.41 | 71.72 | 72.04 |
| Woodie | 65.93 | 67.12 | 69.37 | 70.56 | 72.81 | 74.01 | 76.25 |
| Fibonacci | 66.95 | 68.26 | 69.07 | 70.39 | 71.70 | 72.52 | 73.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.67 | 59.69 | 64.65 | 67.68 | 72.64 | 75.66 | 80.62 |
| Camarilla | 67.42 | 68.15 | 68.88 | 69.61 | 70.34 | 71.08 | 71.81 |
| Woodie | 57.64 | 60.18 | 65.62 | 68.16 | 73.60 | 76.14 | 81.59 |
| Fibonacci | 59.69 | 62.74 | 64.63 | 67.68 | 70.73 | 72.61 | 75.66 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.35 | |
| MACD (12,26,9): | 1.6500 | |
| Directional Movement: | 18.76 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 71.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.64 | |
| Elder Ray (13): | 1.39 | |
| Super Trend (3,10): | 67.79 | |
| Zig ZAG (10): | 71.29 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 79.13 | |
| TEMA (21): | 71.38 | |
| Williams %R (14): | -16.43 | |
| Chande Momentum Oscillator (20): | 2.54 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 5.05 |
| MA7: | 70.28 | |
| MA20: | 69.51 | |
| MA50: | 64.35 | |
| MA100: | 61.64 | |
| MAexp7: | 70.54 | |
| MAexp20: | 69.14 | |
| MAexp50: | 65.98 | |
| MAexp100: | 63.42 | |
| Price / MA7: | +1.44% | |
| Price / MA20: | +2.56% | |
| Price / MA50: | +10.78% | |
| Price / MA100: | +15.66% | |
| Price / MAexp7: | +1.06% | |
| Price / MAexp20: | +3.11% | |
| Price / MAexp50: | +8.05% | |
| Price / MAexp100: | +12.41% |
News
The last news published on ITT INC. at the time of the generation of this analysis was as follows:
- A Partnership to Raise the Proficiency in Mathematics for New Teachers Through NASBTT's School-Based Initial Teacher Training (ITT) Providers
- ITT to Release Third-Quarter 2019 Results on November 1
- ITT to Showcase Mission Critical Military and Defense Solutions at AUSA 2019
- ITT Cannon to Showcase Expanded Portfolio of Innovative Electric Vehicle Changing Solutions, with New Fully Customizable DC Fast Charging Connector at eMove360° in Munich
- ITT Declares Fourth-Quarter Dividend of 14.7 Cents Per Share
This member declared not having a position on this financial instrument or a related financial instrument.
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