USA • New York Stock Exchange • NYSE:GTES • GB00BD9G2S12
Taking everything into account, GTES scores 7 out of 10 in our technical rating. GTES has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although GTES has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
15.26
5 important support areas can be observed.
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 | UP | POSITIVE | The short term trend for GTES is up. |
| ChartMill Relative Strength | 78.64 | POSITIVE | GTES has a high relative strength, it outperformed 78.64% off all stocks 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) | 75.19 | OVERBOUGHT | The high RSI value suggests GTES may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests GTES has a positive trend. |
| Stochastics (14,3) | 91.83 | OVERBOUGHT | The high Stochastics value suggests GTES may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 26.11 | POSITIVE | The high ADX value value for GTES suggests a strong trend. |
26.81
+1.13 (+4.4%)
ChartMill assigns a technical rating of 7 / 10 to GTES.
The current trend direction for GATES INDUSTRIAL CORP PLC (GTES) is Bearish.
GATES INDUSTRIAL CORP PLC (GTES) has an RSI value of 75.1881. This indicates that the stock is currently overbought.
The MACD indicator for GATES INDUSTRIAL CORP PLC (GTES) has a value of 0.357061, indicating a bearish trend.