The Greedy Trader Weekly Analysis
Sign In Nov 9, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 11/2/2018
Sign In to see current Signals.
Goodyear Tire & Rubber
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the Goodyear Tire & Rubber (GT). During the week, the GT gained 1.22 points, or 6.00%, and closed at 21.56 on Friday, November 02, 2018. It was the best weekly gain since August 3, 2018. Weekly volume was 55% above average.

Long-term trend: [See GT long-term trend chart]
A long-term downtrend had started on March 16, 2017 at 37.20 and reached 19.31 on October 26, 2018. GT lost 17.89 points, or 48.09%, in 84 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (23.46) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See GT medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 36.07 and reached 19.31 on October 26, 2018. GT lost 16.76 points, or 46.47%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.76 and resistance is at 23.69. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See GT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GT short-term trend chart]
A short-term uptrend had started on October 26, 2018 at 19.31 and reached 21.97 on November 1, 2018. GT gained -2.66 points, or -13.78%, in 6 days. The price is now at the 15.41% retracement level.

Daily Technical Indicators: [See GT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.73
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 80.96
Overbought
Greed/Fear Indicator (GFI) 69.97
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.81
Williams' Percentage Range (W%R) 59.00
Lane's Stochastic (%D-Slow) 22.00
Greed/Fear Indicator (GFI) 35.47
Moving Average Converg./Diverg. (MACD) -1.40
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 23.69
Yearly Trendline Support 23.46
Upper Bollinger Band 22.69
50 Day Moving Average 22.53
Price 21.56
Daily Stochastic Crossing 21.55
20 Day Moving Average 20.97
Parabolic System 20.86
Weekly Stochastic Crossing 20.36
Lower Bollinger Band 20.05
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Rubber & Plastics 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.31
Low Date 10/26/2018
High 21.97
High Date 11/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.85
High Date 09/20/2018
Low 19.31
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.41
High Date 08/08/2018
Low 19.31
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 23.69
Support 16.76
High 36.07
High Date 01/29/2018
Low 19.31
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 33.78
Support 23.46
High 37.20
High Date 03/16/2017
Low 19.31
Low Date 10/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.