GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
NYSE:GTES • GB00BD9G2S12
Taking everything into account, GTES scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GTES is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, GTES did better than 81% of all other stocks.
- GTES is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GTES has a been trading in the 22.83 - 28.47 range, which is quite wide. It is currently trading near the high of this range.
- GTES has an average volume of 2407540 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 67% of 130 stocks in the same industry.
GTES has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 27.59. Right above this resistance zone may be a good entry point.
More info and screens
15.26
We found 6 important support areas.
- A support zone ranging from 27.18 to 27.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.18 from a trend line in the weekly time frame.
- Support @21.69 from a horizontal line in the daily time frame.
- Support @20.94 from a horizontal line in the daily time frame.
- Support @16.25 from a trend line in the weekly time frame.
- Support @15.41 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.59 to 28.05. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for GTES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTES is up. |
| ChartMill Relative Strength | 81.48 | POSITIVE | GTES has a high relative strength, it outperformed 81.48% off all stocks 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) | 63.53 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GTES has a negative trend. |
| Stochastics (14,3) | 58.93 | NEUTRAL | The Stochastics value for GTES is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 40.85 | POSITIVE | The high ADX value value for GTES suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.06 | 27.17 | 0.89 (3.17%) | 25.00% |
| An entry @28.06. This is a Buy Stop order right above the resistance zone. | An exit @27.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.89 points, which is 3.17%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GTES. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.57
+0.39 (+1.43%)
GATES INDUSTRIAL CORP PLC / GTES FAQ
What is the technical rating for GTES stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for GTES stock?
GATES INDUSTRIAL CORP PLC (GTES) has an RSI value of 63.5313. 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 -0.0812424, indicating a bearish trend.
What is the buy/sell signal for GTES stock?
The buy/sell signal for GATES INDUSTRIAL CORP PLC (GTES) is buy as both the short term and long term trends are positive.