GATX CORP. - Daily - Technical analysis published on 11/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 79.37 USD
My targets
81.80 USD (+1.40%)
84.94 USD (+5.29%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GATX CORP.. As long as you are above the support located at 79.37 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 81.80 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 84.94 USD as an objective. Crossing it would then enable buyers to target 88.81 USD. If the support 79.37 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
3.2
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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
GATX CORP. rating 80.67 USD. The price has increased by +0.10% since the last closing and was between 80.38 USD and 81.57 USD. This implies that the price is at +0.36% from its lowest and at -1.10% from its highest.80.38
81.57
80.67
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this GATX CORP. chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 72.77 | 75.10 | 79.37 | 80.67 | 81.80 | 84.94 | 88.81 |
| Change (%) | -9.79% | -6.90% | -1.61% | - | +1.40% | +5.29% | +10.09% |
| Change | -7.90 | -5.57 | -1.30 | - | +1.13 | +4.27 | +8.14 |
| Level | Intermediate | Major | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.17 | 79.76 | 80.18 | 80.77 | 81.19 | 81.78 | 82.20 |
| Camarilla | 80.31 | 80.41 | 80.50 | 80.59 | 80.68 | 80.78 | 80.87 |
| Woodie | 79.08 | 79.72 | 80.09 | 80.73 | 81.10 | 81.74 | 82.11 |
| Fibonacci | 79.76 | 80.15 | 80.39 | 80.77 | 81.16 | 81.40 | 81.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.58 | 79.59 | 81.99 | 84.00 | 86.40 | 88.41 | 90.81 |
| Camarilla | 83.18 | 83.58 | 83.99 | 84.39 | 84.79 | 85.20 | 85.60 |
| Woodie | 77.78 | 79.69 | 82.19 | 84.10 | 86.60 | 88.51 | 91.01 |
| Fibonacci | 79.59 | 81.28 | 82.32 | 84.00 | 85.69 | 86.73 | 88.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.51 | 66.90 | 73.22 | 77.61 | 83.93 | 88.32 | 94.64 |
| Camarilla | 76.61 | 77.59 | 78.57 | 79.55 | 80.53 | 81.51 | 82.50 |
| Woodie | 63.49 | 67.38 | 74.20 | 78.09 | 84.91 | 88.80 | 95.62 |
| Fibonacci | 66.90 | 70.99 | 73.52 | 77.61 | 81.70 | 84.23 | 88.32 |
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): | 51.32 | |
| MACD (12,26,9): | 1.2300 | |
| Directional Movement: | 0.40 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 82.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.39 | |
| Elder Ray (13): | -0.66 | |
| Super Trend (3,10): | 79.61 | |
| Zig ZAG (10): | 80.67 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 21.71 | |
| TEMA (21): | 83.02 | |
| Williams %R (14): | -79.58 | |
| Chande Momentum Oscillator (20): | 0.47 | |
| Repulse (5,40,3): | -2.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 7.18 |
| MA7: | 82.42 | |
| MA20: | 81.40 | |
| MA50: | 78.69 | |
| MA100: | 76.89 | |
| MAexp7: | 81.72 | |
| MAexp20: | 81.00 | |
| MAexp50: | 78.95 | |
| MAexp100: | 77.50 | |
| Price / MA7: | -2.12% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | +2.52% | |
| Price / MA100: | +4.92% | |
| Price / MAexp7: | -1.28% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | +2.18% | |
| Price / MAexp100: | +4.09% |
News
Don"t forget to follow the news on GATX CORP.. At the time of publication of this analysis, the latest news was as follows:
- Investor Network: GATX Corporation to Host Earnings Call
- GATX Corporation Announces Quarterly Dividend Increase
- GATX Corporation Reports 2016 Fourth-Quarter and Full-Year Results
This member declared not having a position on this financial instrument or a related financial instrument.
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