GATX Corporation Forecast and Stock Analysis
Technical GATX stock analysis for Wednesday June 19, 2019.
GATX Corporation gained 0.69% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $75.49 to $76.01 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.40% from a day low at $75.52 to a day high of $76.58. The price has risen in 6 of the last 10 days and is up by 3.6% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 48 207 more shares were traded than the day before. In total, 287 534 shares bought and sold for approximately $21.86 million.
- 30 day high of the GATX stock price was $77.30 and low was $69.50.
- 90 day high was $82.27 and low was $69.50.
- 52 week high for the GATX Corporation - $91.12 and low - $67.47.
GATX Corporation lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $77.11 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.89% during the next 3 months and, with 90% probability hold a price between $66.29 and $74.11 at the end of this period.
Only positive signals in the chart today. GATX Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $74.75 and $74.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
GATX Corporation finds support from accumulated volume at $73.37.
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 $1.06 (1.40%) between high and low. For the last week, the stock has had a daily average volatility of 2.24%.
Our recommended stoploss: $72.68 (-4.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
2.24 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|GATX $76.01 ($0.52 0.69%)|
GATX is up $0.52 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for GATX based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the GATX analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us