Stronger Sell Today GATX ranks #4406 as SELL CANDIDATE. Weaker Sell
Today GATX ranks #4406 as SELL CANDIDATE.

GATX stock GATX Corporation

GATX stock
GATX Corporation

22 January 2019
Change -2.25%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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GATX Corporation Stock Analysis

Technical stock analysis for 22 January 2019

Sell candidate since 2019-01-22
Shorts 23.10% ( 2018-12-31 )
Cash 296.5 mill
Loans 4 388.5 mill
Beta 1.57
ROA 6.82

GATX Corporation fell by -2.25% in the last day from $73.44 to $71.79 The price has been going up and down for this period, and there has been a 2.06% gain for the last 2 weeks. Volume has increased in the last day by 341 640 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 696 520 shares bought and sold for approximately $50.00 million.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the GATX stock was $71.79. This is 2.25% less than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 9.05% from a day low at $69.61 to a day high of $75.91.

30 day high of the GATX stock price was $75.91 and low was $67.47.
90 day high was $85.06 and low was $67.47.
52 week high for the GATX Corporation - $91.12 and low - $63.98.

Trend

GATX Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.24% during the next 3 months and, with 90% probability hold a price between $58.83 and $72.09 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. GATX Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $71.92 and $73.55. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double top formation was found on Thursday January 10, 2019 and based on theory for this formation the price should fall by -5.79% to $66.44 within 9 trading days since signal was issued (Thursday January 24, 2019).

Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

GATX Corporation finds support from accumulated volume at $70.81.

Support: $70.81 Price: $71.79 Resistance: $73.03

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $6.30 (9.05%) between high and low. For the last week, the stock has had a daily average volatility of 3.44%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

GATX Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.

Stronger Sell Today GATX ranks #4406 as SELL CANDIDATE. Weaker Sell
Today GATX ranks #4406 as SELL CANDIDATE.