GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
NYSE:GTES - New York Stock Exchange, Inc. - GB00BD9G2S12 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to GTES. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GTES is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GTES did better than 87% of all other stocks.
GTES is part of the Machinery industry. There are 128 other stocks in this industry. GTES outperforms 85% of them.
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.
In the last month GTES has a been trading in the 20.39 - 22.66 range, which is quite wide. It is currently trading near the high of this range.
GTES has an average volume of 2232220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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. There is a resistance zone just above the current price starting at 22.29. Right above this resistance zone may be a good entry point.
More info and screens
15.26
23.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.94 to 20.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.46 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.
- A resistance zone ranging from 22.29 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.
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 | 87.57 | POSITIVE | GTES has a high relative strength, it outperformed 87.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GTES is above a declining 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) | 65.31 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GTES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.09 | OVERBOUGHT | The high Stochastics value suggests GTES may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | 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 |
|---|---|---|---|
| 22.94 | 20.58 | 2.36 (10.29%) | 9.72% |
| An entry @22.94. This is a Buy Stop order right above the resistance zone. | An exit @20.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.36 points, which is 10.29%. | When investing 9.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.16
+0.03 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.14%
1 Week3.45%
2 Weeks3.17%
1 Month-1.95%
3 Month12.66%
6 Month0.77%
12 Month37.81%
2 Year64.39%
3 Year105%
5 Year115.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%2.13%
ATR Inc-18%
Range Today0.38
ADR(20)0.43
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.57
Mansfield0.97
10 Day High22.4
10 Day Low20.59
20 Day High22.66
20 Day Low20.39
52 Week High23.85
52 Week Low14.7
CS1 End20.94
CR1 Start22.29
Volume & EV
DER(3)1.41%
DER(5)0.15%
Volume1.47M
Volume Incr-29.02%
Vol(5)1.26M
Vol(50)2.23M