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What is the Market's View on Trane Technologies PLC (TT) Stock's Price and Volume Trends Friday?

Friday, February 03, 2023 02:58 PM | InvestorsObserver Analysts

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What is the Market's View on Trane Technologies PLC (TT) Stock's Price and Volume Trends Friday?

The market has been high on Trane Technologies PLC (TT) stock recently. TT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Trane Technologies PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TT!

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TT Stock Today?

Trane Technologies PLC (TT) stock is trading at $185.27 as of 2:53 PM on Friday, Feb 3, a decline of -$0.38, or -0.2% from the previous closing price of $185.65. Volume today is less active than usual. So far 757,754 shares have traded compared to average volume of 1,186,225 shares. The stock has traded between $184.71 and $188.23 so far today. To see InvestorsObserver's Sentiment Score for 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.

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