GARRETT MOTION INC (GTX) Stock Technical Analysis
NASDAQ:GTX - Nasdaq - US3665051054 - Common Stock - Currency: USD
Taking everything into account, GTX scores 9 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, GTX is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GTX is one of the better performing stocks in the market, outperforming 87% of all stocks.
GTX is part of the Automobile Components industry. There are 81 other stocks in this industry. GTX outperforms 88% of them.
GTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GTX is performing more or less in line with the market.
GTX has an average volume of 1931170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GTX has a been trading in the 9.01 - 12.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GTX has an excellent technical rating, it does not offer a high 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
7.32
12.17
When analyzing the support we can see 2 important areas.
- Support @10.34 from a horizontal line in the daily time frame.
- A support zone ranging from 7.39 to 7.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.01 to 12.05. 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 | UP | POSITIVE | The long term trend for GTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GTX is neutral. |
| ChartMill Relative Strength | 87.32 | POSITIVE | GTX has a high relative strength, it outperformed 87.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GTX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.04 | NEUTRAL | The RSI value for GTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests GTX has a negative trend. |
| Stochastics (14,3) | 31.42 | NEUTRAL | The Stochastics value for GTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for GTX suggests some volalility. |
| Average Directional Index/ADX (14) | 40.81 | POSITIVE | The high ADX value value for GTX 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)
10.96
-0.22 (-1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.97%
1 Week-8.67%
2 Weeks-5.35%
1 Month19.78%
3 Month10.93%
6 Month31.89%
12 Month21.64%
2 Year32.37%
3 Year81.46%
5 Year15.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%4.49%
ATR Inc69.17%
Range Today0.3
ADR(20)0.4
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.32
Mansfield2.16
10 Day High12.09
10 Day Low10.26
20 Day High12.09
20 Day Low9.01
52 Week High12.09
52 Week Low7.02
CS1 End10.34
CR1 Start12.01
Volume & EV
DER(3)-2.91%
DER(5)-2.67%
Volume2.37M
Volume Incr18.72%
Vol(5)2.39M
Vol(50)1.93M