GATX CORP (GATX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GATX - US3614481030 - Common Stock
Taking everything into account, GATX scores 6 out of 10 in our technical rating. Although GATX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
GATX has an average technical rating and the quality of the presented setup is also not ideal 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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142.84
We found 5 important support areas.
- Support @166.71 from a trend line in the daily time frame.
- A support zone ranging from 162.91 to 163.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 157.17 to 159.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 151.51 to 153.34. 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 176.98 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 | 49 | 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) | 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) | 63.31 | NEUTRAL | The RSI value for GATX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests GATX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.27 | OVERBOUGHT | The high Stochastics value suggests GATX may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for GATX suggests low volalility. |
| Average Directional Index/ADX (14) | 26 | 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 |
|---|---|---|---|
| 168.87 | 166.70 | 2.17 (1.29%) | 25.00% |
| An entry @168.87. This is a Buy Stop order right above the 10 day high. | An exit @166.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.17 points, which is 1.29%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GATX. Please evaluate whether better entry and exit points can be found.
- 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.
167.21
+2.45 (+1.49%)
GATX CORP / GATX FAQ
Can you provide the ChartMill technical rating for GATX CORP?
ChartMill assigns a technical rating of 6 / 10 to GATX.
Can you provide the trend direction for GATX CORP?
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 63.3123. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GATX CORP?
The short term momentum for GATX CORP (GATX) is positive.
What is the support and resistance level for GATX stock?
GATX CORP (GATX) has a support level at 166.71 and a resistance level at 176.98. Check the full technical report for our detailed analysis of GATX support and resistance levels.