GOODYEAR TIRE & RUBBER CO (GT) Stock Technical Analysis
NASDAQ:GT - Nasdaq - US3825501014 - Common Stock - Currency: USD
Overall GT gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GT is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GT is lagging the market slightly.
GT has an average volume of 6123620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, GT turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
GT is an average performer in the Automobile Components industry, it outperforms 42% of 81 stocks in the same industry.
In the last month GT has a been trading in the 9.97 - 12.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GT has an average technical rating and it also does not offer a high quality setup 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
7.94
11.53
7 important support areas can be observed.
- Support @11.27 from a trend line in the weekly time frame.
- A support zone ranging from 10.41 to 10.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.14 to 10.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.97 to 8.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.67 from a trend line in the weekly time frame.
- Support @8.19 from a horizontal line in the daily time frame.
- Support @8.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @11.42 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for GT is neutral. |
| ChartMill Relative Strength | 51.64 | NEUTRAL | GT is not amongst the best or worst performers 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) | 58.19 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GT has a positive trend. |
| Stochastics (14,3) | 64.59 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.89 | 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)
11.34
+0.26 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg2.35%
1 Week7.69%
2 Weeks7.9%
1 Month2.62%
3 Month16.91%
6 Month28.43%
12 Month4.42%
2 Year-29.48%
3 Year-7.65%
5 Year25.86%
10 Year-62.36%
15 Year6.28%
Volatility
ATR(14)0.44
ATR(20)%4.21%
ATR Inc7.65%
Range Today0.38
ADR(20)0.45
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.64
Mansfield0.87
10 Day High11.47
10 Day Low9.97
20 Day High12.03
20 Day Low9.97
52 Week High12.58
52 Week Low7.27
CS1 End10.28
CR1 Start11.23
Volume & EV
DER(3)3.77%
DER(5)2.78%
Volume4.08M
Volume Incr23.62%
Vol(5)7.56M
Vol(50)6.12M