IT Technical Analysis - GARTNER INC

Technical Rating and Analysis

Overall IT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. IT was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, IT is a bad performer in the overall market: 96% of all stocks are doing better.

IT is one of the lesser performing stocks in the IT Services industry. 79% of 87 stocks in the same industry do better.

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.

In the last month IT has a been trading in the 231.33 - 265.85 range, which is quite wide. It is currently trading near the high of this range.

IT has an average volume of 1581350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

IT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

261.45

334.20

We can see 2 important resistance areas.

A resistance zone ranging from 264.10 to 264.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 328.54 to 330.89. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for IT is up.
ChartMill Relative Strength	4.08	NEGATIVE	IT has a low relative strength, it was outperformed by 95.92% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IT is above the rising 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)	55.52	NEUTRAL	The RSI value for IT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.27	POSITIVE	The MACD value suggests IT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	96.62	OVERBOUGHT	The high Stochastics value suggests IT may be overbought.
Average True Range in percent/ATR (20)	2.67	MEDIUM VOLATILITY	The ATR as a percentage value for IT suggests some volalility.
Average Directional Index/ADX (14)	26.72	POSITIVE	The high ADX value value for IT suggests a strong trend.