Technical Analysis of The Goodyear Tire & Rubber Company (NASDAQ:GT)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of The Goodyear Tire & Rubber Company (NASDAQ:GT) for the period of 9-Day stands at 7.07% while the stochastic %D for the same period stands at 6.6%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of The Goodyear Tire & Rubber Company (NASDAQ:GT) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for The Goodyear Tire & Rubber Company (NASDAQ:GT) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently The Goodyear Tire & Rubber Company (NASDAQ:GT)’s 20-Day Bollinger Band indicates “Hold”.

About Company

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications. The Europe, the Middle East and Africa (EMEA) segment develops, manufactures, distributes and sells tires for automobiles, trucks, buses, aircraft, motorcycles, and earthmoving, mining and industrial equipment throughout EMEA under the Goodyear, Dunlop, Debica, Sava and Fulda brands. The Asia Pacific segment develops, manufactures, distributes and sells tires for automobiles, trucks, aircraft, farm, and earthmoving, mining and industrial equipment throughout the Asia Pacific region, and sells tires to various export markets.

Previous Day Activity Analysis

On the last trading day, The Goodyear Tire & Rubber Company (NASDAQ:GT) opened the session at $29.08 and after going down -0.31% closed at $29.15. The stock gained 0.07 points in the last trade.

The Goodyear Tire & Rubber Company (NASDAQ:GT)’s stock fluctuated in the range of $29.02 and $29.33 during the previous active session. The Goodyear Tire & Rubber Company (NASDAQ:GT) traded with the volume of 2.16 Million with average volume of 2.77 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.51 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.69 and 22.64 respectively.

Currently the Insider Ownership of the shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) is at 0.1% and the shares outstanding are 250.42 Million.

Important Ratio Analysis

Some important ratios to consider here for The Goodyear Tire & Rubber Company (NASDAQ:GT) are discussed below:

Dividend yield of The Goodyear Tire & Rubber Company (NASDAQ:GT) stands at 1.92% whereas Price to Earnings P/E ratio stands at 7.53 while Forward P/E shows the value of 7.48.

The PEG ratio (Price to Earning to Growth) emits the value of 1.16. The Price to Sale P/S and Price to Book P/B shows the value of 0.49 and 1.49 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 8.88 and 0 correspondingly.

The Quick Ratio of The Goodyear Tire & Rubber Company (NASDAQ:GT) stands at 0.8 while the Current Ratio depicts the value of 1.4.

Return on Assets ROA of The Goodyear Tire & Rubber Company (NASDAQ:GT) is at 5.8% whereas, Return on Equity ROE and Return of Investment ROI of The Goodyear Tire & Rubber Company (NASDAQ:GT) stand at 21.1% and 16% respectively.

The payout ratio of The Goodyear Tire & Rubber Company (NASDAQ:GT) stands at 7.6%.

Stock Performance Analysis

The stock performance of The Goodyear Tire & Rubber Company (NASDAQ:GT) on the basis of 5 day trade show the dip of -2.64% whereas, the monthly performance of the stock shows decrease of -11.64%.

The quarterly performance of the stock remained in red zone with the value of -3.7% while six month performance of the shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) remained bearish with the count of -15.09%.

The yearly and YTD performance of The Goodyear Tire & Rubber Company (NASDAQ:GT) remained mix at 3.26% and -5.57% respectively.

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