GATES INDUSTRIAL CORP PLC (GTES) Technical Analysis
NYSE:GTES • GB00BD9G2S12
Current stock price
GTES Technical Rating and Analysis
Overall GTES gets a technical rating of 8 out of 10. GTES has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, GTES did better than 81% of all other stocks.
- GTES is part of the Machinery industry. There are 131 other stocks in this industry. GTES outperforms 70% of them.
- 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 20.88 - 25.76 range, which is quite wide. It is currently trading near the high of this range.
- GTES has an average volume of 2667990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GTES Weekly and Daily overview Charts
GTES Setup Rating and Analysis
Although GTES has an excellent technical rating, it 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.
More info and screens
GTES Support and Resistance Analysis
15.26
3 important support areas can be observed.
- A support zone ranging from 21.48 to 22.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.31 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 27.97 to 28.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
GTES Technical Indicator Signal Analysis
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 | 81.7 | POSITIVE | GTES has a high relative strength, it outperformed 81.7% 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) | 60.26 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests GTES has a positive trend. |
| Stochastics (14,3) | 95.12 | OVERBOUGHT | The high Stochastics value suggests GTES may be overbought. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 29.85 | POSITIVE | The high ADX value value for GTES suggests a strong trend. |
GTES Chart- and CandleStick Pattern Analysis
GTES Technicals: Chart, Performance Metrics, Trend & Indicators
25.48
+0.07 (+0.28%)
GATES INDUSTRIAL CORP PLC / GTES TA FAQ
What is the technical rating for GTES stock?
ChartMill assigns a technical rating of 8 / 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 GATES INDUSTRIAL CORP PLC (GTES) stock?
GATES INDUSTRIAL CORP PLC (GTES) has an RSI value of 60.2614. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GATES INDUSTRIAL CORP PLC?
The short term momentum for GATES INDUSTRIAL CORP PLC (GTES) is positive.
Can you provide the support and resistance levels for GATES INDUSTRIAL CORP PLC?
GATES INDUSTRIAL CORP PLC (GTES) has a support level at 22.1 and a resistance level at 27.97. Check the full technical report for our detailed analysis of GTES support and resistance levels.