GOODYEAR TIRE & RUBBER CO (GT) Stock Technical Analysis
NASDAQ:GT • US3825501014
Taking everything into account, GT scores 6 out of 10 in our technical rating. GT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- GT has an average volume of 6277460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, GT outperforms 68% of them, which is more or less in line with the market.
- GT is an average performer in the Automobile Components industry, it outperforms 44% of 41 stocks in the same industry.
- GT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GT is lagging the market.
- In the last month GT has a been trading in the 8.78 - 10.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GT has an average technical rating and also the quality of the setup is only medium 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
9.00
We found 1 important support area.
- A support zone ranging from 9.09 to 9.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.50 to 10.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.84 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for GT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GT is neutral. |
| ChartMill Relative Strength | 68.97 | NEUTRAL | GT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of GT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.31 | NEUTRAL | The RSI value for GT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GT has a negative trend. |
| Stochastics (14,3) | 34.78 | NEUTRAL | The Stochastics value for GT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for GT suggests some volalility. |
| Average Directional Index/ADX (14) | 38.07 | POSITIVE | The high ADX value value for GT suggests a strong trend. |
9.44
+0.1 (+1.07%)
GOODYEAR TIRE & RUBBER CO / GT FAQ
What is the technical rating for GT stock?
ChartMill assigns a technical rating of 6 / 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.
Can you provide the RSI signal for GOODYEAR TIRE & RUBBER CO?
GOODYEAR TIRE & RUBBER CO (GT) has an RSI value of 49.3054. 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 -0.0820273, indicating a bearish trend.
What is the short term momentum for GT stock?
The short term momentum for GOODYEAR TIRE & RUBBER CO (GT) is neutral.