Trane Technologies plc : A medium term support level to take advantage of
| Entry price | Target | Stop-loss | Potential |
|---|
|
US$84.63 |
US$92 |
US$81.9 |
+8.71% |
|---|
The selling pressure regarding Ingersoll-Rand PLC shares could subside shortly. In fact, the support area that is currently being tested around 83.36 USD has come into play and could, at least in the short term, keep the downside pressure at bay.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
● The share is getting closer to its long-term support in weekly data, at USD 84.63, which offers good timing for buyers.
● The group's high margin levels account for strong profits.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 84.63 USD
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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TRANE TECHNOLOGIES PLC 
