CHART INDUSTRIES INC (GTLS) Stock Technical Analysis
NYSE:GTLS • US16115Q3083
Taking everything into account, GTLS scores 6 out of 10 in our technical rating. Although GTLS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- GTLS is part of the Machinery industry. There are 131 other stocks in this industry, of which 61% are performing better than GTLS.
- The long and short term trends are both positive. This is looking good!
- GTLS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, GTLS turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- In the last month GTLS has a been trading in a tight range between 206.64 and 208.24.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, GTLS 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 207.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 207.12, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
119.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 203.41 to 207.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 197.46 to 199.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @120.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 207.21 to 208.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for GTLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTLS is up. |
| ChartMill Relative Strength | 56.69 | NEUTRAL | GTLS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for GTLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GTLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.88 | NEUTRAL | The Stochastics value for GTLS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for GTLS suggests low volalility. |
| Average Directional Index/ADX (14) | 31.4 | POSITIVE | The high ADX value value for GTLS suggests a strong trend. |
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 |
|---|---|---|---|
| 207.70 | 206.63 | 1.07 (0.52%) | 25.00% |
| An entry @207.70. This is a Buy Stop order right above the 10 day high. | An exit @206.63. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.07 points, which is 0.52%. | For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
207.17
+0.21 (+0.1%)
CHART INDUSTRIES INC / GTLS FAQ
What is the technical rating for GTLS stock?
ChartMill assigns a technical rating of 6 / 10 to GTLS.
What is the current trend direction of CHART INDUSTRIES INC (GTLS) stock?
The current trend direction for CHART INDUSTRIES INC (GTLS) is Bullish.
What is the RSI signal for CHART INDUSTRIES INC (GTLS) stock?
CHART INDUSTRIES INC (GTLS) has an RSI value of 53.7715. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHART INDUSTRIES INC?
The MACD indicator for CHART INDUSTRIES INC (GTLS) has a value of -0.0779806, indicating a bearish trend.
What is the short term momentum for GTLS stock?
The short term momentum for CHART INDUSTRIES INC (GTLS) is positive.