GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
NYSE:GTES - New York Stock Exchange, Inc. - GB00BD9G2S12 - Common Stock - Currency: USD
Taking everything into account, GTES scores 2 out of 10 in our technical rating. GTES has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
GTES is part of the Machinery industry. There are 128 other stocks in this industry. GTES outperforms 86% of them.
In the last month GTES has a been trading in the 14.70 - 19.27 range, which is quite wide. It is currently trading near the high of this range.
GTES has an average volume of 2989550 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 77% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GTES is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of GTES is bad and it also does not present a 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
15.26
23.16
4 important support areas can be observed.
- A support zone ranging from 16.93 to 17.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.36 from a horizontal line in the daily time frame.
- Support @16.06 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 2 important areas.
- A resistance zone ranging from 18.93 to 19.01. 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.35
Mansfield0.32
10 Day High19.04
10 Day Low16.27
20 Day High19.27
20 Day Low14.7
52 Week High23.85
52 Week Low14.7
Performance
1 Week8.86%
2 Weeks9.74%
1 Month1.88%
3 Month-8.55%
6 Month-3.07%
12 Month16.93%
2 Year40.46%
3 Year48.39%
5 Year120.26%
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)0.3
RSI(14)57.36
LBB16.21
UBB18.74
18.92
+0.94 (+5.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg5.23%
1 Week8.86%
2 Weeks9.74%
1 Month1.88%
3 Month-8.55%
6 Month-3.07%
12 Month16.93%
2 Year40.46%
3 Year48.39%
5 Year120.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%6%
ATR Inc-18.3%
Range Today1.19
ADR(20)1.02
ADR(20)%5.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.35
Mansfield0.32
10 Day High19.04
10 Day Low16.27
20 Day High19.27
20 Day Low14.7
52 Week High23.85
52 Week Low14.7
CS1 End17.54
CR1 Start18.93
Volume & EV
DER(3)-1.5%
DER(5)-2.82%
Volume4.56M
Volume Incr-1.33%
Vol(5)2.72M
Vol(50)2.99M