THE GOODYEAR TIRE & RUBBER CO. - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 16.59 USD
My targets
14.55 USD (-3.64%)
13.32 USD (-11.79%)
My analysis
THE GOODYEAR TIRE & RUBBER CO. is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 16.59 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 14.55 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 13.32 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 11.83 USD. Beware of a possible return to above the resistance located at 16.59 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE GOODYEAR TIRE & RUBBER CO. rating is 15.10 USD. The price registered an increase of +0.20% on the session and was between 15.08 USD and 15.28 USD. This implies that the price is at +0.13% from its lowest and at -1.18% from its highest.15.08
15.28
15.10
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of THE GOODYEAR TIRE & RUBBER CO. indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.83 | 13.32 | 14.55 | 15.10 | 15.28 | 16.59 | 18.58 |
| Change (%) | -21.66% | -11.79% | -3.64% | - | +1.19% | +9.87% | +23.05% |
| Change | -3.27 | -1.78 | -0.55 | - | +0.18 | +1.49 | +3.48 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 14.68 | 14.76 | 14.92 | 15.00 | 15.16 | 15.24 | 15.40 |
| Camarilla | 15.00 | 15.03 | 15.05 | 15.07 | 15.09 | 15.11 | 15.14 |
| Woodie | 14.71 | 14.78 | 14.95 | 15.02 | 15.19 | 15.26 | 15.43 |
| Fibonacci | 14.76 | 14.86 | 14.91 | 15.00 | 15.10 | 15.15 | 15.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.11 | 14.10 | 14.64 | 15.63 | 16.17 | 17.16 | 17.70 |
| Camarilla | 14.75 | 14.89 | 15.03 | 15.17 | 15.31 | 15.45 | 15.59 |
| Woodie | 12.88 | 13.99 | 14.41 | 15.52 | 15.94 | 17.05 | 17.47 |
| Fibonacci | 14.10 | 14.69 | 15.05 | 15.63 | 16.22 | 16.58 | 17.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.78 | 14.70 | 15.35 | 16.27 | 16.92 | 17.84 | 18.49 |
| Camarilla | 15.56 | 15.70 | 15.85 | 15.99 | 16.13 | 16.28 | 16.42 |
| Woodie | 13.64 | 14.63 | 15.21 | 16.20 | 16.78 | 17.77 | 18.35 |
| Fibonacci | 14.70 | 15.30 | 15.67 | 16.27 | 16.87 | 17.24 | 17.84 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.24 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -8.94 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 15.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.19 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 16.27 | |
| Zig ZAG (10): | 15.10 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 9.41 | |
| TEMA (21): | 15.13 | |
| Williams %R (14): | -85.96 | |
| Chande Momentum Oscillator (20): | -1.03 | |
| Repulse (5,40,3): | -2.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 7.94 |
| MA7: | 15.32 | |
| MA20: | 15.80 | |
| MA50: | 16.00 | |
| MA100: | 14.38 | |
| MAexp7: | 15.31 | |
| MAexp20: | 15.69 | |
| MAexp50: | 15.57 | |
| MAexp100: | 15.23 | |
| Price / MA7: | -1.44% | |
| Price / MA20: | -4.43% | |
| Price / MA50: | -5.63% | |
| Price / MA100: | +5.01% | |
| Price / MAexp7: | -1.37% | |
| Price / MAexp20: | -3.76% | |
| Price / MAexp50: | -3.02% | |
| Price / MAexp100: | -0.85% |
News
The last news published on THE GOODYEAR TIRE & RUBBER CO. at the time of the generation of this analysis was as follows:
- Goodyear Unveils Life-Sized Mascot Tire Art for the 84th Goodyear Cotton Bowl Classic
- Goodyear Begins Intelligent Tire Pilot with European Fleets
- Goodyear Auto Service Helps Drivers Prepare for Winter
- Goodyear, U.S. Marine Corps Reserve Team up to Host 9th Annual Toys for Tots Events
- Goodyear, U.S. Marine Corps Reserve Team up to Host 9th Annual Toys for Tots Events
This member declared not having a position on this financial instrument or a related financial instrument.
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