GOODYEAR TIRE & RUBBER CO (GT) Stock Technical Analysis
NASDAQ:GT - Nasdaq - US3825501014 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GT. In the last year, GT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GT has an average volume of 6530530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GT outperforms 42% of them, which is more or less in line with the market.
GT is part of the Automobile Components industry. There are 81 other stocks in this industry, GT did better than 42% of them.
GT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GT is lagging the market slightly.
In the last month GT has a been trading in the 10.38 - 11.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GT does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.42. Right above this resistance zone may be a good entry point.
More info and screens
8.11
11.68
When analyzing the support we can see 6 important areas.
- Support @10.75 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.42 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.35 from a trend line in the weekly time frame.
- Support @8.86 from a trend line in the weekly time frame.
- A support zone ranging from 8.48 to 8.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.42 to 11.56. 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 GT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GT is neutral. |
| ChartMill Relative Strength | 42.5 | NEUTRAL | GT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of GT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.37 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GT has a negative trend. |
| Stochastics (14,3) | 50.57 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.53 | NEUTRAL | The ADX value for GT suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 11.23 | 10.74 | 0.49 (4.35%) | 23.01% |
| An entry @11.23. This is a Buy Stop order right above the 10 day moving average. | An exit @10.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 4.35%. | When investing 23.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GT. 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.
10.76
-0.29 (-2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-2.62%
1 Week-5.86%
2 Weeks2.48%
1 Month-2.27%
3 Month9.91%
6 Month5.91%
12 Month-10.85%
2 Year-21.34%
3 Year0.47%
5 Year20.29%
10 Year-64.31%
15 Year8.25%
Volatility
ATR(14)0.44
ATR(20)%4.24%
ATR Inc10.37%
Range Today0.39
ADR(20)0.43
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.5
Mansfield0.73
10 Day High11.69
10 Day Low10.63
20 Day High11.69
20 Day Low10.38
52 Week High12.58
52 Week Low7.27
CS1 End10.75
CR1 Start11.42
Volume & EV
DER(3)-2.26%
DER(5)-1.87%
Volume6.15M
Volume Incr-16.85%
Vol(5)5.12M
Vol(50)6.53M