We assign a technical rating of 8 out of 10 to GT. Although GT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month GT has a been trading in the 8.60 - 9.68 range, which is quite wide. It is currently trading near the high of this range.
- GT has an average volume of 5757400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GT did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- GT is part of the Automobile Components industry. There are 42 other stocks in this industry, GT did better than 56% of them.
- 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 an excellent technical rating, but the quality of the setup is 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
8.58
We found 2 important support areas.
- A support zone ranging from 8.96 to 9.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.67 to 8.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @10.45 from a trend line in the weekly time frame.
- Resistance @10.89 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 | UP | POSITIVE | The long term trend for GT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GT is up. |
| ChartMill Relative Strength | 79.64 | POSITIVE | GT has a high relative strength, it outperformed 79.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GT is above 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) | UP | POSITIVE | The current price of GT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.54 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GT has a positive trend. |
| Stochastics (14,3) | 88.82 | OVERBOUGHT | The high Stochastics value suggests GT may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.62 | 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 |
|---|---|---|---|
| 9.69 | 8.95 | 0.73 (7.59%) | 13.18% |
| An entry @9.69. This is a Buy Stop order right above the 10 day high. | An exit @8.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.73 points, which is 7.59%. | When investing 13.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
9.61
+0.06 (+0.63%)
GOODYEAR TIRE & RUBBER CO / GT FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for GOODYEAR TIRE & RUBBER CO?
GOODYEAR TIRE & RUBBER CO (GT) has an RSI value of 64.5367. 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 0.0225208, indicating a bearish trend.
What is the short term momentum for GT stock?
The short term momentum for GOODYEAR TIRE & RUBBER CO (GT) is positive.