GATX CORP (GATX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GATX - US3614481030 - Common Stock
Overall GATX gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GATX is only an average performer.
Besides having an excellent technical rating, GATX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
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142.84
When analyzing the support we can see 3 important areas.
- Support @158.51 from a trend line in the weekly time frame.
- A support zone ranging from 151.51 to 154.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @144.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 176.97 to 176.98. 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 | UP | POSITIVE | The long term trend for GATX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GATX is up. |
| ChartMill Relative Strength | 56.99 | NEUTRAL | GATX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GATX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GATX is above a declining 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) | 54.18 | NEUTRAL | The RSI value for GATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests GATX has a negative trend. |
| Stochastics (14,3) | 57.31 | NEUTRAL | The Stochastics value for GATX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for GATX suggests low volalility. |
| Average Directional Index/ADX (14) | 29.19 | POSITIVE | The high ADX value value for GATX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 172.53 | 167.54 | 4.99 (2.89%) | 25.00% |
| An entry @172.53. This is a Buy Stop order right above the 10 day moving average. | An exit @167.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.99 points, which is 2.89%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
169.6
-2.35 (-1.37%)
GATX CORP / GATX FAQ
Can you provide the ChartMill technical rating for GATX CORP?
ChartMill assigns a technical rating of 7 / 10 to GATX.
What is the current trend direction of GATX CORP (GATX) stock?
The current trend direction for GATX CORP (GATX) is Bullish.
What is the RSI signal for GATX CORP (GATX) stock?
GATX CORP (GATX) has an RSI value of 54.1757. This indicates that the stock is currently neutral.
What is the MACD signal for GATX CORP (GATX) stock?
The MACD indicator for GATX CORP (GATX) has a value of -0.257135, indicating a bearish trend.
What is the buy/sell signal for GATX CORP (GATX) stock?
The buy/sell signal for GATX CORP (GATX) is buy as both the short term and long term trends are positive.