TT Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for TT (Trane Technologies) for next week:
Technical Analysis
- Current price is trading near $387.30 with RSI at 62.97, indicating moderate bullish momentum but not yet overbought
- Price is trading above both 20-day MA ($383.73) and 200-day MA ($357.63), confirming an overall uptrend
- MACD is positive at 1.88, suggesting bullish momentum
News Analysis
- Upcoming Q4 earnings announcement on January 30, 2025
- Expected non-GAAP EPS of $2.53, up 16.6% YoY
- Full fiscal 2024 adjusted EPS growth projected at 23.3%
- Stock recently experienced a 3.9% drop after Q3 results due to weak Indo-Pacific performance
- Received 100% rating from Validea's Twin Momentum Investor model
Price Targets Based on Fibonacci levels:
- Resistance levels: R1: $402.25, R2: $411.50, R3: $426.45
- Support levels: S1: $372.34, S2: $363.10, S3: $348.14
- Pivot: $387.30
Trading Recommendation SELL with target price of $372.34 (S1) for next week because:
- Stock is approaching earnings announcement which typically brings volatility
- Previous earnings caused a significant drop despite beating estimates
- Current price is near resistance levels with moderately high RSI
- Indo-Pacific weakness continues to be a concern
Stop loss should be placed at $402.25 (R1) to limit potential losses.
TT Similar Chart Price Prediction
The price of TT is predicted to go up -1.27%, based on the high correlation periods with ITW. The similarity of these two price pattern on the periods is 96.16%.
TT
ITW
Down: -1.27%Similarity: 96.16%
TT Revenue Forecast
TT EPS Forecast
TT FAQs
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TT VS S&P500
Trane should benefit from secular trends in global urbanization and increased demand for energy-efficient building solutions.
With a company mission to address climate change and energy-efficiency challenges with its products and services, Trane has become a popular ESG play.
Trane generates significant aftermarket and replacement sales on its large installed base, which helps damp cyclicality.
TT Analyst's Forecast
Stephen Tusa
JP Morgan
Hold
Price Target
$390 → $387
Upside
+0.38%
JPMorgan analyst Stephen Tusa lowered the firm's price target on Trane to $387 from $390 and keeps a Neutral rating on the shares. The firm updated models in the electrical equipment and multi-industry space ahead of the Q4 reports.
Andrew Kaplowitz
Citigroup
Strong Buy
Price Target
$478 → $476
Upside
+26.27%
Deane Dray
RBC Capital
Hold
Price Target
$390 → $395
Upside
+3.64%