GOODYEAR TIRE & RUBBER CO (GT) Technical Analysis
NASDAQ:GT • US3825501014
Current stock price
GT Technical Rating and Analysis
Overall GT gets a technical rating of 0 out of 10. GT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than GT.
- GT is one of the lesser performing stocks in the Automobile Components industry. 75% of 41 stocks in the same industry do better.
- GT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GT is lagging the market.
- In the last month GT has a been trading in the 6.67 - 9.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- GT has an average volume of 7385020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GT Weekly and Daily overview Charts
GT Setup Rating and Analysis
The technical rating of GT is bad and it also does not present a quality setup 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.
More info and screens
GT Support and Resistance Analysis
6.63
When analyzing the support we notice one important area.
- A support zone ranging from 6.70 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.33 to 10.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.77 from a trend line in the weekly time frame.
GT 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 | DOWN | NEGATIVE | The long term trend for GT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GT is down. |
| ChartMill Relative Strength | 13.3 | NEGATIVE | GT has a low relative strength, it was outperformed by 86.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.58 | OVERSOLD | The low RSI value suggests GT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests GT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.51 | OVERSOLD | The low Stochastics value suggests GT may be oversold. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 42.53 | POSITIVE | The high ADX value value for GT suggests a strong trend. |
GT Chart- and CandleStick Pattern Analysis
GT Technicals: Chart, Performance Metrics, Trend & Indicators
6.74
-0.04 (-0.59%)
GOODYEAR TIRE & RUBBER CO / GT TA FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 0 / 10 to GT.
What is the current trend direction of GOODYEAR TIRE & RUBBER CO (GT) stock?
The current trend direction for GOODYEAR TIRE & RUBBER CO (GT) is Bearish.
Can you provide the RSI signal for GOODYEAR TIRE & RUBBER CO?
GOODYEAR TIRE & RUBBER CO (GT) has an RSI value of 23.5837. This indicates that the stock is currently oversold.
What is the MACD signal for GT stock?
The MACD indicator for GOODYEAR TIRE & RUBBER CO (GT) has a value of -0.127113, indicating a bearish trend.
What is the short term momentum for GT stock?
The short term momentum for GOODYEAR TIRE & RUBBER CO (GT) is negative.