Goodyear Tire Rubber Stock Technical Analysis
GT Stock | USD 13.73 0.16 1.18% |
As of the 29th of March, Goodyear Tire retains the Standard Deviation of 2.65, market risk adjusted performance of (0.02), and Risk Adjusted Performance of (0.01). Goodyear Tire technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Goodyear Tire Rubber, which can be compared to its competitors. Please check out Goodyear Tire Rubber information ratio and skewness to decide if Goodyear Tire is priced fairly, providing market reflects its last-minute price of 13.73 per share. Given that Goodyear Tire Rubber has information ratio of (0.08), we strongly advise you to confirm Goodyear Tire Rubber's regular market performance to make sure the company can sustain itself at a future point.
Goodyear Tire Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Goodyear, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GoodyearGoodyear |
Goodyear Tire Analyst Consensus
Target Price | Advice | # of Analysts | |
14.2 | Buy | 9 | Odds |
Most Goodyear analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Goodyear stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Goodyear Tire Rubber, talking to its executives and customers, or listening to Goodyear conference calls.
Goodyear Tire technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Goodyear Tire Rubber Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Goodyear Tire Rubber volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Goodyear Tire Rubber Trend Analysis
Use this graph to draw trend lines for Goodyear Tire Rubber. You can use it to identify possible trend reversals for Goodyear Tire as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Goodyear Tire price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Goodyear Tire Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Goodyear Tire Rubber applied against its price change over selected period. The best fit line has a slop of 0.03 , which may indicate that the price for Goodyear Tire Rubber will continue to decline. It has 122 observation points and a regression sum of squares at 26.02, which is the sum of squared deviations for the predicted Goodyear Tire price change compared to its average price change.About Goodyear Tire Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Goodyear Tire Rubber on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Goodyear Tire Rubber based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Goodyear Tire Rubber price pattern first instead of the macroeconomic environment surrounding Goodyear Tire Rubber. By analyzing Goodyear Tire's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Goodyear Tire's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Goodyear Tire specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2023 | 2024 (projected) | Dividend Yield | 2.67 | 2.4 | 2.52 | Price To Sales Ratio | 0.32 | 0.2 | 0.34 |
Goodyear Tire March 29, 2024 Technical Indicators
Most technical analysis of Goodyear help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Goodyear from various momentum indicators to cycle indicators. When you analyze Goodyear charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.01) | |||
Market Risk Adjusted Performance | (0.02) | |||
Mean Deviation | 1.62 | |||
Coefficient Of Variation | (3,895) | |||
Standard Deviation | 2.65 | |||
Variance | 7.03 | |||
Information Ratio | (0.08) | |||
Jensen Alpha | (0.42) | |||
Total Risk Alpha | (0.67) | |||
Treynor Ratio | (0.03) | |||
Maximum Drawdown | 19.25 | |||
Value At Risk | (3.47) | |||
Potential Upside | 3.83 | |||
Skewness | (2.57) | |||
Kurtosis | 14.73 |
Goodyear Tire March 29, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Goodyear stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 50,762 | ||
Daily Balance Of Power | 0.52 | ||
Rate Of Daily Change | 1.01 | ||
Day Median Price | 13.71 | ||
Day Typical Price | 13.71 | ||
Price Action Indicator | 0.11 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Goodyear Stock analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
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Is Goodyear Tire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodyear Tire. If investors know Goodyear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodyear Tire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.66) | Earnings Share (2.42) | Revenue Per Share 70.407 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0152 |
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.