GATES INDUSTRIAL CORP PLC (GTES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GTES - GB00BD9G2S12 - Common Stock
Taking everything into account, GTES scores 0 out of 10 in our technical rating. GTES's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GTES does present a nice setup opportunity. 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 22.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.81, a Stop Loss order could be placed below this zone.
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15.26
3 important support areas can be observed.
- A support zone ranging from 20.94 to 21.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.81 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 22.52 to 22.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.93 to 26.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for GTES is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GTES is down. |
| ChartMill Relative Strength | 30.24 | NEUTRAL | GTES is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of GTES is below a declining 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) | 45.96 | NEUTRAL | The RSI value for GTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GTES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.26 | NEUTRAL | The Stochastics value for GTES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for GTES suggests some volalility. |
| Average Directional Index/ADX (14) | 16.31 | NEGATIVE | The low ADX value for GTES suggests a weak or negative trend. |
21.82
-0.01 (-0.05%)
GATES INDUSTRIAL CORP PLC / GTES FAQ
What is the technical rating for GTES stock?
ChartMill assigns a technical rating of 0 / 10 to GTES.
What is the trend direction for GTES stock?
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 45.961. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GATES INDUSTRIAL CORP PLC?
The short term momentum for GATES INDUSTRIAL CORP PLC (GTES) is negative.
What is the buy/sell signal for GTES stock?
The buy/sell signal for GATES INDUSTRIAL CORP PLC (GTES) is sell as both the short term and long term trends are negative.