GARTNER INC (IT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IT - US3666511072 - Common Stock
Taking everything into account, IT scores 1 out of 10 in our technical rating. IT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, IT is a bad performer in the overall market: 90% of all stocks are doing better.
- IT is one of the lesser performing stocks in the IT Services industry. 65% of 88 stocks in the same industry do better.
- IT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month IT has a been trading in the 226.50 - 255.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of IT is bad and it also does not present a 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
221.88
When analyzing the support we notice one important area.
- A support zone ranging from 224.12 to 229.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 237.41 to 245.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 249.96 to 258.17. 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 | DOWN | NEGATIVE | The long term trend for IT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IT is down. |
| ChartMill Relative Strength | 10.69 | NEGATIVE | IT has a low relative strength, it was outperformed by 89.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.19 | NEUTRAL | The RSI value for IT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.31 | NEGATIVE | The MACD value suggests IT has a negative trend. |
| Stochastics (14,3) | 17.7 | OVERSOLD | The low Stochastics value suggests IT may be oversold. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for IT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for IT suggests a possible start of a new trend. |
230.67
+0.29 (+0.13%)
GARTNER INC / IT FAQ
Can you provide the ChartMill technical rating for GARTNER INC?
ChartMill assigns a technical rating of 1 / 10 to IT.
What is the trend direction for IT stock?
The current trend direction for GARTNER INC (IT) is Bearish.
What is the RSI signal for GARTNER INC (IT) stock?
GARTNER INC (IT) has an RSI value of 38.1894. This indicates that the stock is currently neutral.
What is the MACD signal for GARTNER INC (IT) stock?
The MACD indicator for GARTNER INC (IT) has a value of -2.3093, indicating a bearish trend.
What is the buy/sell signal for IT stock?
The buy/sell signal for GARTNER INC (IT) is sell as both the short term and long term trends are negative.