GARTNER INC (IT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:IT • US3666511072
We assign a technical rating of 0 out of 10 to IT. 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.
- 95% of all other stocks performed better in the past year than IT.
- IT is part of the IT Services industry. There are 87 other stocks in this industry, of which 74% are performing better than IT.
- 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 139.18 - 248.95 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- IT has an average volume of 1259830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
158.15
We can see 4 important resistance areas.
- A resistance zone ranging from 223.14 to 229.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @246.43 from a trend line in the weekly time frame.
- A resistance zone ranging from 250.64 to 251.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @258.17 from a horizontal line in the daily 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 | 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 | 5.2 | NEGATIVE | IT has a low relative strength, it was outperformed by 94.8% 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) | DOWN | NEGATIVE | The current price of IT is below a declining 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) | 22.67 | OVERSOLD | The low RSI value suggests IT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -7.58 | NEGATIVE | The MACD value suggests IT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.85 | OVERSOLD | The low Stochastics value suggests IT may be oversold. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for IT suggests high volalility. |
| Average Directional Index/ADX (14) | 47.77 | POSITIVE | The high ADX value value for IT suggests a strong trend. |
159.75
+3.42 (+2.19%)
GARTNER INC / IT FAQ
Can you provide the ChartMill technical rating for GARTNER INC?
ChartMill assigns a technical rating of 0 / 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 22.6732. This indicates that the stock is currently oversold.
What is the MACD signal for GARTNER INC (IT) stock?
The MACD indicator for GARTNER INC (IT) has a value of -7.57728, 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.