GATX CORP (GATX) Stock Technical Analysis
NYSE:GATX - New York Stock Exchange, Inc. - US3614481030 - Common Stock - Currency: USD
Overall GATX gets a technical rating of 5 out of 10. In the past year, GATX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GATX has a been trading in the 144.56 - 162.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, GATX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
GATX is an average performer in the Trading Companies & Distributors industry, it outperforms 55% of 48 stocks in the same industry.
GATX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GATX is lagging the market.
GATX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 157.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 154.50, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
126.23
169.06
4 important support areas can be observed.
- A support zone ranging from 149.72 to 154.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.28 to 146.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 141.26 to 141.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @127.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 157.43 to 159.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 165.82 to 167.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GATX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GATX is up. |
| ChartMill Relative Strength | 65.66 | NEUTRAL | GATX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GATX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GATX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GATX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.1 | NEUTRAL | The RSI value for GATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests GATX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.73 | NEUTRAL | The Stochastics value for GATX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for GATX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.99 | NEUTRAL | The ADX value for GATX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
155.91
+0.78 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.5%
1 Week1.7%
2 Weeks-0.86%
1 Month8.05%
3 Month-0.12%
6 Month0.31%
12 Month17.79%
2 Year21.1%
3 Year65.58%
5 Year155.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.43
ATR(20)%2.1%
ATR Inc1.94%
Range Today1.52
ADR(20)2.88
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.66
Mansfield-0.09
10 Day High158.2
10 Day Low151.29
20 Day High162.76
20 Day Low144.56
52 Week High168.89
52 Week Low127.7
CS1 End154.5
CR1 Start157.43
Volume & EV
DER(3)0.05%
DER(5)-0.85%
Volume125.70K
Volume Incr-8.88%
Vol(5)195.52K
Vol(50)201.49K