Should You Buy Trane Technologies PLC (TT) Stock on Tuesday?

Trane Technologies PLC (TT) stock has fallen 1.84% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Trane Technologies PLC has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TT Stock Today?

Trane Technologies PLC (TT) stock is trading at $222.78 as of 3:33 PM on Tuesday, Nov 28, a loss of -$3.13, or -1.39% from the previous closing price of $225.91. The stock has traded between $221.56 and $225.83 so far today. Volume today is low. So far 761,902 shares have traded compared to average volume of 1,375,960 shares. To screen for more stocks like Trane Technologies PLC click here.

More About Trane Technologies PLC

Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $14 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue. Click Here to get the full Stock Report for Trane Technologies PLC stock.