Goodyear price extends gains - Forecast today - 10-04-2024

The Goodyear Tire & Rubber Company’s stock price (GT) rose in the intraday levels after leaning on the support of the 50-day SMA previously, lending the stock momentum that helped it snag these gains.

There’s solid dominance of the upward short-term trend, and positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the first resistance at $14.85, provided the support of $12.65 holds on.

Trend forecast: Bullish