CHART INDUSTRIES INC (GTLS) Stock Technical Analysis
NYSE:GTLS - New York Stock Exchange, Inc. - US16115Q3083 - Common Stock - Currency: USD
Taking everything into account, GTLS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GTLS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GTLS is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by GTLS over the past year are nicely spread over this period.
GTLS is part of the Machinery industry. There are 128 other stocks in this industry. GTLS outperforms 88% of them.
GTLS 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 GTLS is lagging the market slightly.
GTLS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GTLS has an average volume of 2366730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GTLS 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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 198.64, a Stop Loss order could be placed below this zone.
More info and screens
109.02
200.64
We found 4 important support areas.
- A support zone ranging from 196.15 to 198.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 159.79 to 161.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @116.98 from a trend line in the weekly time frame.
- Support @110.12 from a horizontal line in the weekly 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 GTLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTLS is up. |
| ChartMill Relative Strength | 92.07 | POSITIVE | GTLS has a high relative strength, it outperformed 92.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTLS is above the rising 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) | 75.93 | OVERBOUGHT | The high RSI value suggests GTLS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.18 | POSITIVE | The MACD value suggests GTLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.09 | OVERBOUGHT | The high Stochastics value suggests GTLS may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for GTLS suggests low volalility. |
| Average Directional Index/ADX (14) | 42.64 | POSITIVE | The high ADX value value for GTLS suggests a strong 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 |
|---|---|---|---|
| 199.55 | 196.14 | 3.41 (1.71%) | 25.00% |
| An entry @199.55. This is a Buy Stop order right above the 10 day high. | An exit @196.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.41 points, which is 1.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of GTLS. Please evaluate whether better entry and exit points can be found.
- 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.
198.65
-0.34 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.17%
1 Week-0.05%
2 Weeks15.64%
1 Month18.35%
3 Month24.8%
6 Month1.11%
12 Month77.65%
2 Year10.01%
3 Year2.47%
5 Year202.27%
10 Year677.19%
15 Year1147.8%
Volatility
ATR(14)3.6
ATR(20)%1.89%
ATR Inc-86.15%
Range Today0.54
ADR(20)2.32
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.07
Mansfield1.42
10 Day High199.54
10 Day Low170.73
20 Day High199.54
20 Day Low163.23
52 Week High220.03
52 Week Low101.6
CS1 End198.64
CR1 StartN/A
Volume & EV
DER(3)-3.11%
DER(5)-3.98%
Volume5.11M
Volume Incr78.81%
Vol(5)5.53M
Vol(50)2.37M