The Greedy Trader Weekly Analysis
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Number of records: 8
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Goodyear Tire & Rubber
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Summary:
Weekly :Broken trend support lineTrend support at 24.30
Daily :Broken trend support lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Goodyear Tire & Rubber (GT). During the week, the GT gained 1.03 points, or 4.54%, and closed at 23.72 on Friday, September 07, 2018. Weekly volume was 41% above average.

Long-term trend: [See GT long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 3.17 and reached 37.20 on March 16, 2017. GT gained -34.03 points, or -1073.50%, in 418 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (28.01) is broken. A broken support is considered to be a long-term bearish signal. 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 March 16, 2017 at 37.20 and reached 20.75 on July 27, 2018. GT lost 16.45 points, or 44.22%, in 71 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (24.30) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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

The weekly MACD line is above its signal line since August 3, 2018. 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 July 27, 2018 at 20.75 and reached 25.41 on August 8, 2018. GT gained -4.66 points, or -22.46%, in 12 days. The chart has formed a Rising Pennant chart pattern. The uptrend support line (26.04) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

Daily Technical Indicators: [See GT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 29, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.60
Williams' Percentage Range (W%R) 55.10
Lane's Stochastic (%D-Slow) 38.35
Greed/Fear Indicator (GFI) 43.60
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.89
Williams' Percentage Range (W%R) 63.80
Lane's Stochastic (%D-Slow) 66.70
Greed/Fear Indicator (GFI) 49.81
Moving Average Converg./Diverg. (MACD) -1.64
Trading Signals
Description Value Chart
Yearly Trendline Support 28.01
Weekly Trendline Support 26.04
Upper Bollinger Band 24.75
Quarterly Trendline Support 24.30
Weekly Trendline Resistance 24.10
20 Day Moving Average 23.73
Price 23.72
Weekly Stochastic Crossing 23.70
50 Day Moving Average 23.46
Daily Stochastic Crossing 23.17
Lower Bollinger Band 22.54
Parabolic System 22.29
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Rubber & Plastics 61
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 25.41
High Date 08/08/2018
Low 22.13
Low Date 08/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 24.10
Support 26.04
Low 20.75
Low Date 07/27/2018
High 25.41
High Date 08/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.07
High Date 01/29/2018
Low 20.75
Low Date 07/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 35.24
Support 24.30
High 37.20
High Date 03/16/2017
Low 20.75
Low Date 07/27/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 43.65
Support 28.01
Low 3.17
Low Date 03/06/2009
High 37.20
High Date 03/16/2017
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.

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