GARTNER INC (IT) Stock Technical Analysis
NYSE:IT - New York Stock Exchange, Inc. - US3666511072 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to IT. IT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
81% of all other stocks performed better in the past year than IT.
IT is part of the IT Services industry. There are 81 other stocks in this industry, of which 70% are performing better than IT.
IT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
IT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, IT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 410.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 392.47, a Stop Loss order could be placed below this zone.
More info and screens
373.72
552.87
We found 2 important support areas.
- A support zone ranging from 392.47 to 393.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 377.49 to 383.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 400.85 to 408.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 448.30 to 449.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @547.40 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 | 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 | 19.06 | NEGATIVE | IT has a low relative strength, it was outperformed by 80.94% 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) | 39.95 | NEUTRAL | The RSI value for IT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests IT has a positive trend. |
| Stochastics (14,3) | 37.11 | NEUTRAL | The Stochastics value for IT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for IT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.46 | POSITIVE | The high ADX value value for IT suggests a strong 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)
400.28
+4.84 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.22%
1 Week-1.07%
2 Weeks0.23%
1 Month-5.95%
3 Month4.45%
6 Month-17.63%
12 Month-11.44%
2 Year13.2%
3 Year50.78%
5 Year221.15%
10 Year351.94%
15 Year1490.31%
Volatility
ATR(14)7.9
ATR(20)%2.01%
ATR Inc43.94%
Range Today7.08
ADR(20)7.97
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.06
Mansfield-2.23
10 Day High409.76
10 Day Low390.16
20 Day High430.19
20 Day Low390.16
52 Week High584.01
52 Week Low366.05
CS1 End392.47
CR1 Start410.47
Volume & EV
DER(3)2.18%
DER(5)1.26%
Volume341.05K
Volume Incr-3.65%
Vol(5)890.93K
Vol(50)715.55K