GATES INDUSTRIAL CORP PLC (GTES) Technical Analysis
NYSE:GTES • GB00BD9G2S12
Current stock price
22.75 USD
-0.42 (-1.81%)
At close:
22.75 USD
0 (0%)
After Hours:
GTES Technical Rating and Analysis
Overall GTES gets a technical rating of 2 out of 10. 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.
- In the last month GTES has a been trading in the 22.47 - 28.47 range, which is quite wide. It is currently trading near the lows of this range.
- GTES has an average volume of 2526680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, GTES did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- GTES is part of the Machinery industry. There are 131 other stocks in this industry, GTES did better than 60% of them.
- GTES is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GTES is lagging the market slightly.
GTES Weekly and Daily overview Charts
GTES Setup Rating and Analysis
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
GTES Support and Resistance Analysis
15.26
25.03
4 important support areas can be observed.
- 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 21.18 to 21.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.27 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 one important area.
- A resistance zone ranging from 24.27 to 24.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GTES Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for GTES is down. |
| ChartMill Relative Strength | 71.78 | POSITIVE | GTES has a high relative strength, it outperformed 71.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTES is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GTES is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GTES is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.35 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests GTES has a negative trend. |
| Stochastics (14,3) | 9.66 | OVERSOLD | The low Stochastics value suggests GTES may be oversold. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 35.22 | POSITIVE | The high ADX value value for GTES suggests a strong trend. |
GTES Chart- and CandleStick Pattern Analysis
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)
GTES Technicals: Chart, Performance Metrics, Trend & Indicators
22.75
-0.42 (-1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.81%
1 Week-5.13%
2 Weeks-17.48%
1 Month-17.36%
3 Month3.83%
6 Month-11.2%
12 Month15.66%
2 Year28.46%
3 Year63.79%
5 Year42.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.53%
ATR Inc-3.71%
Range Today1.15
ADR(20)0.97
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.78
3 months CRS78.16
6 months CRS28.51
Mansfield-0.44
10 Day High27.68
10 Day Low22.47
20 Day High28.47
20 Day Low22.47
52 Week High28.47
52 Week Low14.7
CS1 End21.69
CR1 Start24.27
Volume & EV
DER(3)3.36%
DER(5)2.78%
Volume2.29M
Volume Incr-7.67%
Vol(5)2.49M
Vol(50)2.53M
GATES INDUSTRIAL CORP PLC / GTES TA FAQ
What is the technical rating for GTES stock?
ChartMill assigns a technical rating of 2 / 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 30.3546. 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 -0.597117, indicating a bearish trend.