We assign a technical rating of 5 out of 10 to GT. In the past year, GT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
7.12
3 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for GT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GT is up. |
| ChartMill Relative Strength | 30.81 | 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) | DOWN | NEGATIVE | The current price of GT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.47 | OVERBOUGHT | The high RSI value suggests GT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests GT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.92 | OVERBOUGHT | The high Stochastics value suggests GT may be overbought. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 40.6 | POSITIVE | The high ADX value value for GT suggests a strong trend. |
8.77
+0.05 (+0.57%)
ChartMill assigns a technical rating of 5 / 10 to GT.
The current trend direction for GOODYEAR TIRE & RUBBER CO (GT) is Bearish.
GOODYEAR TIRE & RUBBER CO (GT) has an RSI value of 71.469. This indicates that the stock is currently overbought.
The MACD indicator for GOODYEAR TIRE & RUBBER CO (GT) has a value of 0.105466, indicating a bearish trend.