GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
NYSE:GTES - New York Stock Exchange, Inc. - GB00BD9G2S12 - Common Stock - Currency: USD
Overall GTES gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GTES is only an average performer.
The long and short term trends are both positive. This is looking good!
GTES is one of the better performing stocks in the Machinery industry, it outperforms 71% of 128 stocks in the same industry.
GTES is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GTES is performing more or less in line with the market.
GTES is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GTES has an average volume of 2703910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GTES did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GTES has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 21.59, a Stop Loss order could be placed below this zone.
More info and screens
15.26
23.75
2 important support areas can be observed.
- Support @16.26 from a trend line in the weekly time frame.
- Support @15.41 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 21.58 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.64 to 22.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.51 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.45
Mansfield0.93
10 Day High22.66
10 Day Low19.97
20 Day High22.66
20 Day Low17.07
52 Week High23.85
52 Week Low14.7
Performance
1 Week-4.47%
2 Weeks7.41%
1 Month27.45%
3 Month-2.97%
6 Month-1.82%
12 Month22.12%
2 Year84.22%
3 Year69.2%
5 Year114.83%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)63.62
LBB18.89
UBB23.22
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 |
|---|---|---|---|
| 21.60 | 21.57 | 0.03 (0.12%) | 25.00% |
| An entry @21.60. This is a Buy Stop order right above the 10 day moving average. | An exit @21.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.03 points, which is 0.12%. | For a 0.03% 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.
NYSE:GTES (5/21/2025, 2:53:03 PM)
21.33
-0.26 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.2%
1 Week-4.47%
2 Weeks7.41%
1 Month27.45%
3 Month-2.97%
6 Month-1.82%
12 Month22.12%
2 Year84.22%
3 Year69.2%
5 Year114.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%3.04%
ATR Inc-37.04%
Range Today0.4
ADR(20)0.56
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.45
Mansfield0.93
10 Day High22.66
10 Day Low19.97
20 Day High22.66
20 Day Low17.07
52 Week High23.85
52 Week Low14.7
CS1 End21.59
CR1 Start22.64
Volume & EV
DER(3)-2.19%
DER(5)-1.15%
Volume1.30M
Volume Incr7.04%
Vol(5)2.28M
Vol(50)2.70M