GOODYEAR TIRE & RUBBER CO (GT) Technical Analysis
NASDAQ:GT • US3825501014
Current stock price
GT Technical Rating and Analysis
Overall GT gets a technical rating of 1 out of 10. GT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 88% of all other stocks performed better in the past year than GT.
- GT is one of the lesser performing stocks in the Automobile Components industry. 80% of 42 stocks in the same industry do better.
- GT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GT has a been trading in the 6.14 - 7.18 range, which is quite wide. It is currently trading near the high of this range.
- GT has an average volume of 8246310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GT Weekly and Daily overview Charts
GT Setup Rating and Analysis
GT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.11. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GT Support and Resistance Analysis
6.08
2 important support areas can be observed.
- Support @6.50 from a trend line in the daily time frame.
- A support zone ranging from 6.14 to 6.14. 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 7.11 to 7.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.24 to 10.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.70 from a trend line in the weekly time frame.
GT Technical Indicator Signal Analysis
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 | 12.17 | NEGATIVE | GT has a low relative strength, it was outperformed by 87.83% 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) | 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) | 49.27 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests GT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.28 | OVERBOUGHT | The high Stochastics value suggests GT may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.46 | POSITIVE | The high ADX value value for GT suggests a strong trend. |
GT Chart- and CandleStick Pattern Analysis
GT Technicals: Chart, Performance Metrics, Trend & Indicators
7.03
-0.07 (-0.99%)
GOODYEAR TIRE & RUBBER CO / GT TA FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 1 / 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.
What is the RSI signal for GT stock?
GOODYEAR TIRE & RUBBER CO (GT) has an RSI value of 49.2728. 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 0.153482, indicating a bearish trend.
Can you provide the short term momentum for GOODYEAR TIRE & RUBBER CO?
The short term momentum for GOODYEAR TIRE & RUBBER CO (GT) is negative.