We assign a technical rating of 10 out of 10 to GTX. 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.
GTX has an excellent technical rating, but the quality of the setup is only medium 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.
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7.37
When analyzing the support we can see 6 important areas.
- A support zone ranging from 17.77 to 17.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.08 from a horizontal line in the weekly time frame.
- Support @15.64 from a horizontal line in the daily time frame.
- A support zone ranging from 14.89 to 15.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.47 from a horizontal line in the daily time frame.
- Support @7.44 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 GTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTX is up. |
| ChartMill Relative Strength | 95.06 | POSITIVE | GTX has a high relative strength, it outperformed 95.06% 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) | 66.05 | NEUTRAL | The RSI value for GTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GTX has a positive trend. |
| Stochastics (14,3) | 86.15 | OVERBOUGHT | The high Stochastics value suggests GTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for GTX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.25 | NEUTRAL | The ADX value for GTX suggests a possible start of a new 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 |
|---|---|---|---|
| 18.43 | 17.76 | 0.67 (3.64%) | 25.00% |
| An entry @18.43. This is a Buy Stop order right above the 10 day high. | An exit @17.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.67 points, which is 3.64%. | For a 0.91% 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.
18.16
-0.01 (-0.06%)
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 current trend direction of GARRETT MOTION INC (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 66.0508. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GARRETT MOTION INC?
The MACD indicator for GARRETT MOTION INC (GTX) has a value of 0.0399473, indicating a bearish trend.
What is the buy/sell signal for GARRETT MOTION INC (GTX) stock?
The buy/sell signal for GARRETT MOTION INC (GTX) is buy as both the short term and long term trends are positive.