Londinia Opportunities Analyses - 05/16/2024 (GMT) THE GOODYEAR TIRE & RUBBER CO. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	GT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 12.94 USD

My targets

13.37 USD (+2.30%)

13.73 USD (+5.05%)

My analysis

THE GOODYEAR TIRE & RUBBER CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.94 USD. The next resistance located at 13.37 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.73 USD. After this resistance, buyers could then target 14.21 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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Additional analysis

Quotes

The THE GOODYEAR TIRE & RUBBER CO. price is 13.07 USD. The price has increased by +0.15% since the last closing and was between 12.99 USD and 13.12 USD. This implies that the price is at +0.62% from its lowest and at -0.38% from its highest.

12.99

13.12

13.07

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this THE GOODYEAR TIRE & RUBBER CO. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.25	12.48	12.94	13.07	13.11	13.37	13.73
Change (%)	-6.27%	-4.51%	-0.99%	-	+0.31%	+2.30%	+5.05%
Change	-0.82	-0.59	-0.13	-	+0.04	+0.30	+0.66
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.55	12.71	12.88	13.04	13.21	13.37	13.54
Camarilla	12.96	12.99	13.02	13.05	13.08	13.11	13.14
Woodie	12.56	12.71	12.89	13.04	13.22	13.37	13.55
Fibonacci	12.71	12.84	12.91	13.04	13.17	13.24	13.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.01	11.48	12.22	12.69	13.43	13.90	14.64
Camarilla	12.63	12.74	12.85	12.96	13.07	13.18	13.29
Woodie	11.15	11.55	12.36	12.76	13.57	13.97	14.78
Fibonacci	11.48	11.94	12.23	12.69	13.15	13.44	13.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.85	10.20	11.08	12.43	13.31	14.66	15.54
Camarilla	11.35	11.55	11.76	11.96	12.16	12.37	12.57
Woodie	8.62	10.08	10.85	12.31	13.08	14.54	15.31
Fibonacci	10.20	11.05	11.58	12.43	13.28	13.81	14.66

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.72
MACD (12,26,9):	0.0500
Directional Movement:	8.07
AROON (14):	-7.14
DEMA (21):	13.08
Parabolic SAR (0,02-0,02-0,2):	12.87
Elder Ray (13):	0.04
Super Trend (3,10):	12.78
Zig ZAG (10):	13.08
VORTEX (21):	1.0600
Stochastique (14,3,5):	57.58
TEMA (21):	13.04
Williams %R (14):	-36.36
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	0.4200
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.02

MA7:	12.98
MA20:	12.38
MA50:	12.63
MA100:	12.97
MAexp7:	13.06
MAexp20:	13.01
MAexp50:	12.86
MAexp100:	12.67
Price / MA7:	+0.69%
Price / MA20:	+5.57%
Price / MA50:	+3.48%
Price / MA100:	+0.77%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.46%
Price / MAexp50:	+1.63%
Price / MAexp100:	+3.16%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The last news published on THE GOODYEAR TIRE & RUBBER CO. at the time of the generation of this analysis was as follows: