Goodyear readies to pierce pivotal support - Analysis - 29-11-2022

Economies.com
2 months ago

Goodyear Tire & Rubber Company's stock (GT) fell in the intraday levels, amid the dominance of the main downward trend in the short term, while the RSI reached overbought levels, after touching the resistance of the 50-day SMA, marking a loss of 2.80% in the last session, or 32 cents, and settling at 11.12. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 10.46, provided the resistance of 12.24 holds on.

 

Expected trend for today: Bearish

American Stocks Analysis