GOODYEAR TIRE & RUBBER CO (GT) Stock Technical Analysis
NASDAQ:GT • US3825501014
Taking everything into account, GT scores 2 out of 10 in our technical rating. GT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 72% of all other stocks performed better in the past year than GT.
- GT is part of the Automobile Components industry. There are 41 other stocks in this industry, of which 65% are performing better than GT.
- In the last month GT has a been trading in the 8.67 - 10.62 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.
- GT has an average volume of 6448630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- GT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GT is lagging the market.
GT has a poor technical rating and the quality of the setup is also only medium 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
8.62
We found 1 important support area.
- A support zone ranging from 8.71 to 8.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.95 to 9.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.44 to 10.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.81 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 | DOWN | NEGATIVE | The short term trend for GT is down. |
| ChartMill Relative Strength | 28.41 | NEGATIVE | GT has a low relative strength, it was outperformed by 71.59% 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) | UP | MIXED | The current price of GT is below 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) | 40.83 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests GT has a negative trend. |
| Stochastics (14,3) | 6.35 | OVERSOLD | The low Stochastics value suggests GT may be oversold. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.8 | POSITIVE | The high ADX value value for GT suggests a strong trend. |
8.72
-0.22 (-2.46%)
GOODYEAR TIRE & RUBBER CO / GT FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 2 / 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 40.8301. This indicates that the stock is currently neutral.
What is the MACD signal for GT stock?
The MACD indicator for GOODYEAR TIRE & RUBBER CO (GT) has a value of -0.151225, 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.