GOODYEAR TIRE & RUBBER CO (GT) Technical Analysis
NASDAQ:GT • US3825501014
Current stock price
GT Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to GT. GT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, GT is a bad performer in the overall market: 91% of all stocks are doing better.
- GT is part of the Automobile Components industry. There are 42 other stocks in this industry, of which 78% 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 bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- GT has an average volume of 7883800 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
Although the technical rating is bad, GT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.10. 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 @6.83 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.10 to 7.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.12 to 10.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.67 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 | NEUTRAL | NEUTRAL | The short term trend for GT is neutral. |
| ChartMill Relative Strength | 9.59 | NEGATIVE | GT has a low relative strength, it was outperformed by 90.41% 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) | 51.17 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.86 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | 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. |
GT Chart- and CandleStick Pattern Analysis
GT Technicals: Chart, Performance Metrics, Trend & Indicators
7.08
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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 51.1694. 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 0.0414704, 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 neutral.