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 5 out of 10. In the past year, GTES was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- 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.
- GTES has an average volume of 2146530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, GTES turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- GTES is an average performer in the Machinery industry, it outperforms 57% of 132 stocks in the same industry.
- In the last month GTES has a been trading in the 21.43 - 23.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GTES has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 22.77, 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.
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5 important support areas can be observed.
- A support zone ranging from 22.16 to 22.99. 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 @16.21 from a trend line in the weekly time frame.
- Support @15.41 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @23.70 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for GTES is neutral. |
| ChartMill Relative Strength | 61.43 | 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) | 53.55 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.64 | NEUTRAL | The Stochastics value for GTES is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for GTES suggests a weak or negative trend. |
NYSE:GTES (1/29/2026, 12:15:50 PM)
23.17
+0.21 (+0.91%)
GATES INDUSTRIAL CORP PLC / GTES FAQ
What is the technical rating for GTES stock?
ChartMill assigns a technical rating of 5 / 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 53.5515. 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 0.0218221, indicating a bearish trend.