GOODYEAR TIRE & RUBBER CO (GT)       11.46  -0.19 (-1.63%)

11.46  -0.19 (-1.63%)

US3825501014 - Common Stock - After market: 11.4 -0.06 (-0.52%)

Technical Rating

5

Overall GT gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GT was also a bad performer in the overall market in the last year.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GT has a been trading in the 10.62 - 12.04 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GT has an average volume of 3685070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
When comparing the yearly performance of all stocks, GT is a bad performer in the overall market: 85% of all stocks are doing better.
GT is part of the Auto Components industry. There are 46 other stocks in this industry, of which 83% are performing better than GT.
GT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 7.40% 12.13% -13.38% -45.51% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 15.74 9.66 - 22.66
GT Weekly chart
GT Daily chart

Support/Resistance Analysis


9.79

11.86
When analyzing the support we can see 5 important areas.
  • A support zone ranging from 11.18 to 11.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.87 to 10.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @10.67 from a horizontal line in the daily time frame.
  • A support zone ranging from 10.08 to 10.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Support @9.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 11.53 to 11.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

Although the technical rating is only medium, GT does present a nice setup opportunity. Prices have been consolidating lately.


GT Daily chart

GOODYEAR TIRE & RUBBER CO11.46

NASDAQ:GT (2/3/2023, 7:00:01 PM)-0.19 (-1.63%)

After market: 11.4 -0.06 (-0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Auto Components

Performance
Today -1.63% 1 Week 3.24%
2 Weeks N/A 1 Month 7.4%
3 Month 12.13% 6 Month -13.38%

Volatility
ATR(14) 0.45 ATR(20)% 3.66%
ATR Inc 16.47% Range Today 0.46

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 15.74 Mansfield -0.9
10 Day High 12.04 10 Day Low 10.62
20 Day High 12.04 20 Day Low 10.62
52 Week High 22.66 52 Week Low 9.66
CS1 End 11.38 CR1 Start 11.53

Volume & EV
DER(3) 2.13% DER(5) 1.25%
Volume 3.71M Volume Incr 41.37%
Vol(5) 5.15M Vol(50) 3.69M

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