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'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.
91% 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. 77% 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 352.29 - 409.76 range, which is quite wide. It is currently trading near the lows of this range.
IT has a poor technical rating and the quality of the setup is also only medium 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
349.56
413.64
When analyzing the support we notice one important area.
- A support zone ranging from 353.09 to 355.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 382.66 to 385.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @391.52 from a trend line in the daily time frame.
- A resistance zone ranging from 406.71 to 409.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 9.78 | NEGATIVE | IT has a low relative strength, it was outperformed by 90.22% 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) | 26.56 | OVERSOLD | The low RSI value suggests IT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.07 | NEGATIVE | The MACD value suggests IT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.71 | OVERSOLD | The low Stochastics value suggests IT may be oversold. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for IT suggests some volalility. |
| Average Directional Index/ADX (14) | 46.22 | 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)
357.98
+1.46 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.41%
1 Week-1.54%
2 Weeks-9.24%
1 Month-10.59%
3 Month-13.97%
6 Month-32.27%
12 Month-23.98%
2 Year1.24%
3 Year34.84%
5 Year187.21%
10 Year304.18%
15 Year1322.25%
Volatility
ATR(14)8.77
ATR(20)%2.41%
ATR Inc-30.84%
Range Today5.75
ADR(20)8.49
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.78
Mansfield-3.02
10 Day High394.09
10 Day Low352.29
20 Day High409.76
20 Day Low352.29
52 Week High584.01
52 Week Low352.29
CS1 End355.39
CR1 Start382.66
Volume & EV
DER(3)0.58%
DER(5)-0.16%
Volume770.40K
Volume Incr10.23%
Vol(5)1.05M
Vol(50)814.25K