Goodyear Tire & Rubber
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|It was the negative week for the Goodyear Tire & Rubber (GT). During the week, the GT dropped -2.33 points, or -11.08%, and closed at 18.69 on Friday, February 8, 2019. Weekly volume was 62% 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 18.49 on February 8, 2019. GT lost 18.71 points, or 50.30%, in 99 weeks. Price is near the trend low.
Medium-term trend: [See GT medium-term trend chart]
A medium-term downtrend had started on December 3, 2018 at 23.95 and reached 18.49 on February 8, 2019. GT lost 5.46 points, or 22.80%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (18.51) 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 November 2, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
Short-term trend: [See GT short-term trend chart]
A short-term downtrend had started on February 1, 2019 at 21.40 and reached 18.49 on February 8, 2019. GT lost 2.91 points, or 13.60%, in 7 days. The price is now at the 6.87% retracement level.
Daily Technical Indicators: [See GT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.