GOODYEAR TIRE & RUBBER CO (GT) Stock Technical Analysis
USA - NASDAQ:GT - US3825501014 - Common Stock
8.48 USD
-0.13 (-1.51%)
8.45 USD
-0.03 (-0.35%)
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.
82% of all other stocks performed better in the past year than GT.
GT is part of the Automobile Components industry. There are 81 other stocks in this industry, of which 88% are performing better than GT.
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.
GT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
GT has an average volume of 7684280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GT has a been trading in a tight range between 8.29 and 8.79.
GT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.44, a Stop Loss order could be placed below this zone. 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
8.09
11.08
We found 2 important support areas.
- A support zone ranging from 8.40 to 8.44. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 8.17 to 8.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.48 to 8.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.96 to 10.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 18.65 | NEGATIVE | GT has a low relative strength, it was outperformed by 81.35% off all stocks 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) | 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) | 40.09 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.48 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for GT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.48
-0.13 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.51%
1 Week-0.35%
2 Weeks-0.24%
1 Month2.79%
3 Month-17.19%
6 Month-7.22%
12 Month2.79%
2 Year-31.78%
3 Year-15.96%
5 Year10.56%
10 Year-71.09%
15 Year-21.12%
Volatility
ATR(14)0.21
ATR(20)%2.53%
ATR Inc14.03%
Range Today0.32
ADR(20)0.21
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.65
Mansfield-2.1
10 Day High8.79
10 Day Low8.3
20 Day High8.79
20 Day Low8.29
52 Week High12.03
52 Week Low7.8
CS1 End8.44
CR1 Start8.48
Volume & EV
DER(3)3.92%
DER(5)2.68%
Volume12.41M
Volume Incr2.2%
Vol(5)7.61M
Vol(50)7.68M