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(THR) Thermon Group complete technical analysis [charts+indicators] | Buy/Sell Thermon Group | (THR) share price targets

Complete technical analysis of Thermon Group (THR) by charts plus indicators, forecast predictions and share price targets for Thermon Group (THR)

Thermon Group trades in USA in Energy sector.

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Thermon Group is 228720

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	32.78	33.66	33.84	32.76	2.016 times
30 Tue Jan 2024	33.57	33.75	34.07	33.19	1.339 times
29 Mon Jan 2024	33.96	32.29	34.03	32.29	1.395 times
26 Fri Jan 2024	32.34	32.16	32.41	31.95	1.014 times
25 Thu Jan 2024	31.91	31.65	31.91	31.32	1.099 times
24 Wed Jan 2024	31.08	31.98	31.98	31.04	0.88 times
23 Tue Jan 2024	31.60	31.88	32.13	31.60	0.839 times
22 Mon Jan 2024	31.70	31.40	31.78	31.34	1.064 times
19 Fri Jan 2024	31.07	31.15	31.18	30.55	0.663 times
18 Thu Jan 2024	30.94	31.35	31.48	30.62	0.583 times

Stock of Thermon Group (THR) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.4, but if it comes below 32.4, then a intra day sell could be more profitable.
If you take a sell trade below 32.4, then use 32.4 as stoploss and 31.5 as target. However if you take a buy trade in stock , then use 32.4 as stoploss and 33.6 as target.

Share price targets for Thermon Group (THR)

Target Type	Value
Downside Target	25.42
Downside Target	26.24
Downside Target	29.08
Downside Target	30.00
Downside Target	31.34
Downside Target	31.48
Downside Target	32.29
Downside Target	32.41
Upside Target	33.50
Upside Target	33.62
Upside Target	34.07

Intraday share price targets for Thermon Group (THR)

Target Type	Value
Downside Intraday Target	32.02
Downside Intraday Target	31.27
Upside Intraday Target	33.8
Upside Intraday Target	34.83
Upside Intraday Target	33.05

Weekly technical analysis of Thermon Group (THR)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	32.78	32.29	34.07	32.29	0.97 times
26 Fri Jan 2024	32.34	31.40	32.41	31.04	1.477 times
19 Fri Jan 2024	31.07	30.73	31.48	30.55	4.976 times
12 Fri Jan 2024	31.08	31.29	31.34	30.74	0.175 times
12 Fri Jan 2024	31.08	30.22	31.34	30.02	1.09 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Thermon Group (THR)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	32.78	32.61	34.07	30.02	1.48 times
29 Fri Dec 2023	32.57	30.00	33.62	30.00	0.808 times
30 Thu Nov 2023	30.15	26.51	33.50	26.24	1.246 times
31 Tue Oct 2023	26.69	27.25	29.08	25.42	0.965 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Thermon Group (THR)

Price action analysis of Thermon Group ( (THR) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Thermon Group ( (THR) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Thermon Group ( (THR) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Thermon Group stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Thermon Group in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Thermon Group Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Thermon Group in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Thermon Group is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.36 and Thermon Group (THR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Thermon Group (THR) stock. Volume based technical analysis of Thermon Group (THR) stock is negative.

Thermon Group Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.