GARRETT MOTION INC (GTX) Stock Technical Analysis
NASDAQ:GTX - Nasdaq - US3665051054 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GTX. Both in the recent history as in the last year, GTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GTX did better than 86% of all other stocks.
GTX is part of the Automobile Components industry. There are 80 other stocks in this industry. GTX outperforms 83% of them.
GTX 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.
In the last month GTX has a been trading in the 9.57 - 11.95 range, which is quite wide. It is currently trading near the high of this range.
GTX has an average volume of 2574670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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
7.32
12.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.75 to 11.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.57 from a trend line in the daily time frame.
- Support @9.99 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for GTX is up. |
| ChartMill Relative Strength | 86.52 | POSITIVE | GTX has a high relative strength, it outperformed 86.52% 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) | 62 | NEUTRAL | The RSI value for GTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.36 | OVERBOUGHT | The high Stochastics value suggests GTX may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for GTX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for GTX suggests a possible start of a new 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 |
|---|---|---|---|
| 12.06 | 10.99 | 1.07 (8.87%) | 11.27% |
| An entry @12.06. This is a Buy Stop order right above the resistance zone. | An exit @10.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.07 points, which is 8.87%. | For a 1.00% total portfolio risk, you can invest 11.27% 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.
11.62
+0.02 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.17%
1 Week2.02%
2 Weeks4.4%
1 Month16.2%
3 Month26.99%
6 Month21.04%
12 Month32.65%
2 Year49.36%
3 Year75.79%
5 Year16.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.97%
ATR Inc-32.47%
Range Today0.21
ADR(20)0.34
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.52
Mansfield1.68
10 Day High11.95
10 Day Low11
20 Day High11.95
20 Day Low9.57
52 Week High12.09
52 Week Low7.02
CS1 End11.21
CR1 Start12.01
Volume & EV
DER(3)1.98%
DER(5)2.35%
Volume1.14M
Volume Incr-55.35%
Vol(5)1.38M
Vol(50)2.57M