GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
USA - NYSE:GTES - GB00BD9G2S12 - Common Stock
25.29 USD
-0.57 (-2.2%)
25.289 USD
0 (0%)
Overall GTES gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GTES has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GTES did better than 83% of all other stocks. On top of that, GTES also shows a nice and consistent pattern of rising prices.
GTES is part of the Machinery industry. There are 129 other stocks in this industry. GTES outperforms 81% of them.
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 24.34 - 26.42 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GTES has an average volume of 2041500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, GTES also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 25.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
26.40
5 important support areas can be observed.
- A support zone ranging from 24.94 to 25.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.28 to 24.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.63 to 23.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.40 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 25.48 to 26.14. 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 | 83.81 | POSITIVE | GTES has a high relative strength, it outperformed 83.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GTES is below 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) | 50.44 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests GTES has a negative trend. |
| Stochastics (14,3) | 40.81 | NEUTRAL | The Stochastics value for GTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for GTES suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 26.15 | 24.93 | 1.22 (4.67%) | 21.43% |
| An entry @26.15. This is a Buy Stop order right above the resistance zone. | An exit @24.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.22 points, which is 4.67%. | For a 1.00% total portfolio risk, you can invest 21.43% of your capital in this trade. |
- 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.
25.29
-0.57 (-2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.2%
1 Week-1.29%
2 Weeks-2.47%
1 Month4.12%
3 Month15.01%
6 Month30.63%
12 Month42.72%
2 Year117.83%
3 Year159.12%
5 Year127.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%2.56%
ATR Inc22.5%
Range Today0.75
ADR(20)0.61
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.81
Mansfield0.66
10 Day High26.18
10 Day Low24.92
20 Day High26.42
20 Day Low24.34
52 Week High26.42
52 Week Low14.7
CS1 End25.28
CR1 Start25.48
Volume & EV
DER(3)-0.03%
DER(5)0.63%
Volume7.98M
Volume Incr88.58%
Vol(5)3.31M
Vol(50)2.04M