GARTNER INC (IT) Stock Technical Analysis
NYSE:IT - New York Stock Exchange, Inc. - US3666511072 - Common Stock - Currency: USD
Taking everything into account, IT scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than IT.
IT is one of the lesser performing stocks in the IT Services industry. 87% of 82 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 223.65 - 368.73 range, which is quite wide. It is currently trading near the lows of this range.
IT has an average volume of 1132430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
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
240.64
375.47
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 364.87 to 371.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 2.96 | NEGATIVE | IT has a low relative strength, it was outperformed by 97.04% 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) | 20.72 | OVERSOLD | The low RSI value suggests IT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8.06 | NEGATIVE | The MACD value suggests IT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.13 | OVERSOLD | The low Stochastics value suggests IT may be oversold. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for IT suggests high volalility. |
| Average Directional Index/ADX (14) | 62.74 | 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)
243.07
+0.41 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.17%
1 Week-0.43%
2 Weeks-29.42%
1 Month-33.26%
3 Month-45.87%
6 Month-52.85%
12 Month-49.73%
2 Year-30.61%
3 Year-14.95%
5 Year86.92%
10 Year183.78%
15 Year746.1%
Volatility
ATR(14)15.88
ATR(20)%5.56%
ATR Inc-36.57%
Range Today6.89
ADR(20)8.79
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.96
Mansfield-5.19
10 Day High345.5
10 Day Low223.65
20 Day High368.73
20 Day Low223.65
52 Week High584.01
52 Week Low223.65
CS1 EndN/A
CR1 Start364.87
Volume & EV
DER(3)-2.08%
DER(5)0.01%
Volume1.98M
Volume Incr65.35%
Vol(5)2.06M
Vol(50)1.13M