GATX Technical Analysis - GATX CORP

Technical Rating and Analysis

Taking everything into account, GATX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GATX is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that GATX is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, GATX also shows a nice and consistent pattern of rising prices.

GATX is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. GATX outperforms 77% of them.

GATX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month GATX has a been trading in the 163.47 - 177.71 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GATX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

148.47

179.12

When analyzing the support we can see 3 important areas.

A support zone ranging from 167.63 to 170.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @157.91 from a horizontal line in the daily time frame.
A support zone ranging from 149.97 to 153.64. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	81.76	POSITIVE	GATX has a high relative strength, it outperformed 81.76% 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)	72.42	OVERBOUGHT	The high RSI value suggests GATX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests GATX has a positive trend.
Stochastics (14,3)	78.71	NEUTRAL	The Stochastics value for GATX is a neutral value.
Average True Range in percent/ATR (20)	1.87	LOW VOLATILITY	The low ATR as a percentage value for GATX suggests low volalility.
Average Directional Index/ADX (14)	41.29	POSITIVE	The high ADX value value for GATX suggests a strong trend.