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.
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.
15.26
5 important support areas can be observed.
When analyzing the resistance we notice one important area.
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%)
ChartMill assigns a technical rating of 4 / 10 to GTES.
The current trend direction for GATES INDUSTRIAL CORP PLC (GTES) is Bearish.
GATES INDUSTRIAL CORP PLC (GTES) has an RSI value of 54.9265. This indicates that the stock is currently neutral.
The MACD indicator for GATES INDUSTRIAL CORP PLC (GTES) has a value of 0.116235, indicating a bearish trend.