THE GOODYEAR TIRE & RUBBER CO. - 1H - Technical analysis published on 07/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 14.82 USD
My targets
14.67 USD (-0.81%)
14.42 USD (-2.50%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on THE GOODYEAR TIRE & RUBBER CO. as long as the price remains well below 14.82 USD. The sellers” bearish objective is set at 14.67 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.42 USD. In case of crossing, the next objective would be the support located at 13.41 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
THE GOODYEAR TIRE & RUBBER CO. rating 14.79 USD. On the day, this instrument gained +0.96% and was traded between 14.66 USD and 15.06 USD over the period. The price is currently at +0.89% from its lowest and -1.79% from its highest.14.66
15.06
14.79
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
Here is a more detailed summary of the historical variations registered by THE GOODYEAR TIRE & RUBBER CO.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of THE GOODYEAR TIRE & RUBBER CO. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.41 | 14.42 | 14.67 | 14.79 | 14.82 | 15.28 | 15.57 |
| Change (%) | -9.33% | -2.50% | -0.81% | - | +0.20% | +3.31% | +5.27% |
| Change | -1.38 | -0.37 | -0.12 | - | +0.03 | +0.49 | +0.78 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 14.19 | 14.39 | 14.52 | 14.72 | 14.85 | 15.05 | 15.18 |
| Camarilla | 14.56 | 14.59 | 14.62 | 14.65 | 14.68 | 14.71 | 14.74 |
| Woodie | 14.16 | 14.37 | 14.49 | 14.70 | 14.82 | 15.03 | 15.15 |
| Fibonacci | 14.39 | 14.52 | 14.59 | 14.72 | 14.85 | 14.92 | 15.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.77 | 14.09 | 14.62 | 14.94 | 15.47 | 15.79 | 16.32 |
| Camarilla | 14.91 | 14.98 | 15.06 | 15.14 | 15.22 | 15.30 | 15.37 |
| Woodie | 13.87 | 14.14 | 14.72 | 14.99 | 15.57 | 15.84 | 16.42 |
| Fibonacci | 14.09 | 14.42 | 14.62 | 14.94 | 15.27 | 15.47 | 15.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.49 | 12.36 | 13.83 | 14.70 | 16.17 | 17.04 | 18.51 |
| Camarilla | 14.66 | 14.87 | 15.09 | 15.30 | 15.52 | 15.73 | 15.94 |
| Woodie | 11.79 | 12.51 | 14.13 | 14.85 | 16.47 | 17.19 | 18.81 |
| Fibonacci | 12.36 | 13.25 | 13.81 | 14.70 | 15.59 | 16.15 | 17.04 |
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): | 46.27 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -0.80 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 14.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.64 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 15.05 | |
| Zig ZAG (10): | 14.79 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 67.10 | |
| TEMA (21): | 14.85 | |
| Williams %R (14): | -57.89 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.92 |
| MA7: | 14.88 | |
| MA20: | 14.94 | |
| MA50: | 15.04 | |
| MA100: | 16.84 | |
| MAexp7: | 14.88 | |
| MAexp20: | 14.86 | |
| MAexp50: | 14.88 | |
| MAexp100: | 14.90 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | -12.17% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.60% | |
| Price / MAexp100: | -0.74% |
News
The latest news and videos published on THE GOODYEAR TIRE & RUBBER CO. at the time of the analysis were as follows:
- Goodyear to Announce Second Quarter 2019 Financial Results
- Goodyear Declares Dividend on Common Stock
- Fifty Years After Going to the Moon, Goodyear Looks to Space to Enhance Tire Performance
- Goodyear Teams with Root Insurance to Reward Safe Drivers
- Goodyear Highlights Evolving Commitment to Corporate Responsibility in Annual Report
This member declared not having a position on this financial instrument or a related financial instrument.
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