Taking everything into account, GT scores 6 out of 10 in our technical rating. GT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, GT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.72, a Stop Loss order could be placed below this zone.
More info and screens
8.54
We found 1 important support area.
- A support zone ranging from 8.63 to 8.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.74 to 9.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.56 from a trend line in the weekly time frame.
- Resistance @10.95 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 | NEUTRAL | NEUTRAL | The long term trend for GT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GT is up. |
| ChartMill Relative Strength | 56.73 | NEUTRAL | GT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GT is below the rising 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) | DOWN | NEGATIVE | The current price of GT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.9 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GT has a negative trend. |
| Stochastics (14,3) | 43.04 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.91 | POSITIVE | The high ADX value value for GT 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 |
|---|---|---|---|
| 9.03 | 8.62 | 0.41 (4.54%) | 22.02% |
| An entry @9.03. This is a Buy Stop order right above the resistance zone. | An exit @8.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.41 points, which is 4.54%. | For a 1.00% total portfolio risk, you can invest 22.02% of your capital in this trade. |
- 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.
8.73
0 (0%)
GOODYEAR TIRE & RUBBER CO / GT FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 6 / 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 55.9011. 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 -0.0537986, indicating a bearish trend.