GOODYEAR TIRE & RUBBER CO (GT) Stock Technical Analysis
USA - NASDAQ:GT - US3825501014 - Common Stock
We assign a technical rating of 0 out of 10 to GT. 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.
Although the technical rating is bad, GT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
6.63
We found 1 important support area.
- Support @6.70 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 6.98 to 7.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.25 to 7.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.65 from a horizontal line in the daily time frame.
- Resistance @10.79 from a trend line in the weekly time frame.
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 | 10 | NEGATIVE | GT has a low relative strength, it was outperformed by 90% 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) | 34.9 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.34 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.72 | NEUTRAL | The ADX value for GT suggests a possible start of a new trend. |
6.91
-0.11 (-1.57%)
GOODYEAR TIRE & RUBBER CO / GT FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 0 / 10 to GT.
Can you provide the trend direction for GOODYEAR TIRE & RUBBER CO?
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 34.9032. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GOODYEAR TIRE & RUBBER CO?
The MACD indicator for GOODYEAR TIRE & RUBBER CO (GT) has a value of 0.0586322, indicating a bearish trend.
What is the buy/sell signal for GOODYEAR TIRE & RUBBER CO (GT) stock?
The buy/sell signal for GOODYEAR TIRE & RUBBER CO (GT) is sell as both the short term and long term trends are negative.