GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GTES - GB00BD9G2S12 - Common Stock
Overall GTES gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GTES was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, GTES is a bad performer in the overall market: 63% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- GTES 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 GTES is lagging the market slightly.
- In the last month GTES has a been trading in the 21.43 - 23.97 range, which is quite wide. It is currently trading near the high of this range.
- GTES has an average volume of 2174700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GTES is an average performer in the Machinery industry, it outperforms 46% of 132 stocks in the same industry.
Although the technical rating is only medium, GTES does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 22.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.26
5 important support areas can be observed.
- A support zone ranging from 22.07 to 22.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.61 to 21.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.94 to 21.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.20 from a trend line in the weekly time frame.
- Support @15.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.13 to 26.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GTES is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTES is up. |
| ChartMill Relative Strength | 37.24 | NEUTRAL | GTES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.93 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests GTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.47 | NEUTRAL | The Stochastics value for GTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for GTES suggests a weak or negative trend. |
23.09
-0.76 (-3.19%)
GATES INDUSTRIAL CORP PLC / GTES FAQ
What is the technical rating for GTES stock?
ChartMill assigns a technical rating of 4 / 10 to GTES.
Can you provide the trend direction for GATES INDUSTRIAL CORP PLC?
The current trend direction for GATES INDUSTRIAL CORP PLC (GTES) is Bearish.
What is the RSI signal for GTES stock?
GATES INDUSTRIAL CORP PLC (GTES) has an RSI value of 54.9265. This indicates that the stock is currently neutral.
What is the MACD signal for GATES INDUSTRIAL CORP PLC (GTES) stock?
The MACD indicator for GATES INDUSTRIAL CORP PLC (GTES) has a value of 0.116235, indicating a bearish trend.