Goodyear Tire & Rubber Co (GT): Price Now Near $15.57; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for GT

Currently, GT (Get Ratings)’s price is down $-0.12 (-0.76%) from the hour prior. GT has seen its price go down 9 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

GT ranks 36th in terms of today’s price percentage change out of Automobiles and Trucks stocks.

GT’s Technical Outlook on the Daily Chart

At the moment, GT’s price is down $-0.31 (-1.98%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Goodyear Tire & Rubber Co’s price action over the past 90 days can be seen via the chart below.

GT

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GT: Daily RSI Analysis

  • GT’s RSI now stands at 70.4225.
  • GT and RSI may be exhibiting divergent trends. This may be something to monitor.

For GT News Traders

Investors and traders in GT may be particularly interested in the following story that came out in the past day:

Will Goodyear (GT) Beat Estimates Again in Its Next Earnings Report?

Goodyear (GT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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