The The Goodyear Tire & Rubber Com (NYSE: GT) report below can help you find opportunity, and manage risk. The trading plans for GT, and the other 1000+ stocks we follow, are updated in real time for subscribers. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Weak |
P1 | 0 | 0 | 5.33 |
P2 | 9.98 | 10.16 | 8.33 |
P3 | 10.26 | 10.62 | 11.11 |
Long Term Trading Plans for GT
December 23, 2020, 4:00 pm ET
The Technical Summary and Trading Plans for GT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GT Report.
GT - (Long) Support Plan
The technical summary data tells us to buy GT near 8.33 with an upside target of 11.11. This data also tells us to set a stop loss @ 8.31 to protect against excessive loss in case the stock begins to move against the trade. 8.33 is the first level of support below 10.48 , and by rule, any test of support is a buy signal. In this case, support 8.33 is being tested, a buy signal would exist.
GT - (Short) Resistance Plan
The technical summary data is suggesting a short of GT as it gets near 11.11 with a downside target of 8.33. We should have a stop loss in place at 11.14though. 11.11 is the first level of resistance above 10.48, and by rule, any test of resistance is a short signal. In this case, if resistance 11.11 is being tested, a short signal would exist.