GARRETT MOTION INC (GTX) Stock Technical Analysis
USA - NASDAQ:GTX - US3665051054 - Common Stock
Overall GTX gets a technical rating of 10 out of 10. 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.
Although GTX has an excellent technical rating, the quality of the presented setup is not ideal 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
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4 important support areas can be observed.
- A support zone ranging from 16.85 to 17.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.33 from a trend line in the weekly time frame.
- Support @12.47 from a horizontal line in the daily time frame.
- Support @7.44 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.31 to 17.46. 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 | UP | POSITIVE | The short term trend for GTX is up. |
| ChartMill Relative Strength | 95.89 | POSITIVE | GTX has a high relative strength, it outperformed 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTX is above 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) | 73.23 | OVERBOUGHT | The high RSI value suggests GTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests GTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.61 | OVERBOUGHT | The high Stochastics value suggests GTX may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for GTX suggests some volalility. |
| Average Directional Index/ADX (14) | 44.38 | POSITIVE | The high ADX value value for GTX suggests a strong trend. |
17.3
-0.16 (-0.92%)
GARRETT MOTION INC / GTX FAQ
What is the ChartMill technical rating of GARRETT MOTION INC (GTX) stock?
ChartMill assigns a technical rating of 10 / 10 to GTX.
What is the trend direction for GTX stock?
The current trend direction for GARRETT MOTION INC (GTX) is Bullish.
What is the RSI signal for GTX stock?
GARRETT MOTION INC (GTX) has an RSI value of 73.2281. This indicates that the stock is currently overbought.
What is the MACD signal for GARRETT MOTION INC (GTX) stock?
The MACD indicator for GARRETT MOTION INC (GTX) has a value of 0.229984, indicating a bearish trend.
What is the short term momentum for GTX stock?
The short term momentum for GARRETT MOTION INC (GTX) is positive.