GATX CORP (GATX) Stock Technical Analysis
NYSE:GATX - New York Stock Exchange, Inc. - US3614481030 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GATX. GATX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
GATX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GATX is performing more or less in line with the market.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that GATX is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GATX is an average performer in the Trading Companies & Distributors industry, it outperforms 66% of 49 stocks in the same industry.
In the last month GATX has a been trading in the 143.46 - 162.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GATX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
126.23
169.06
4 important support areas can be observed.
- A support zone ranging from 148.75 to 152.19. 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 145.09. 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.
We found 1 important resistance area.
- 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 | 77.1 | POSITIVE | GATX has a high relative strength, it outperformed 77.1% off all stocks 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) | 62.58 | NEUTRAL | The RSI value for GATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.26 | POSITIVE | The MACD value suggests GATX has a positive trend. |
| Stochastics (14,3) | 72.89 | NEUTRAL | The Stochastics value for GATX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GATX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.76 | NEGATIVE | The low ADX value for GATX suggests a weak or negative 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)
156.98
+0.63 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.4%
1 Week6.24%
2 Weeks5.02%
1 Month6.68%
3 Month1.41%
6 Month-2.39%
12 Month19.71%
2 Year21.94%
3 Year66.72%
5 Year157.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.57
ATR(20)%2.15%
ATR Inc-21.88%
Range Today2.06
ADR(20)2.94
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.1
Mansfield0.19
10 Day High162.76
10 Day Low143.46
20 Day High162.76
20 Day Low143.46
52 Week High168.89
52 Week Low127
CS1 End152.1
CR1 Start165.82
Volume & EV
DER(3)-0.29%
DER(5)-0.13%
Volume258.98K
Volume Incr140.81%
Vol(5)396.54K
Vol(50)214.81K