Trane Technologies PLC is an Ireland-based global climate innovator. Co., through its brands, Trane and Thermo King, and its portfolio of products and services, brings climate solutions to buildings, homes, and transportation. Its segments include the Americas, EMEA, and Asia Pacific. Its Americas segment serves customers in North America and Latin America and includes commercial heating, cooling, and ventilation systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions.
When researching a stock like Trane Technologies, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from TT Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for TT stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the TT 200 day moving average ("TT 200 DMA"), while one of the most popular "shorter look-backs" is the TT 50 day moving average ("TT 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Trane Technologies. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the TT 200 DMA and the TT 50 DMA, we get a moving average convergence divergence indicator ("TT MACD"). The TT MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis