Goodyear Tire (GT) could soon rally to 10.50.
On 07/02/26 GT had a huge spike up in Volume.
Up/Down Volume confirms most of the Volume was on the buy side.
Price/Volume Trend was higher on 07/02/26 vs. price on 06/26/26.
The bull trend is confirmed by Volume Weighted Moving Average (VWMA) – price is above VWMA.
Price trend since the bottom made on 05/19/26 is Super Bullish. There’s an Elliott wave series of one’s and two’s up. This price pattern is usually the prelude to explosive moves. In this case up.
Important near – term resistance is at 6.70. A move above this level could trigger a multi – day rally to the 10.50 area.
On 07/02/26 GT had a huge spike up in Volume.
Up/Down Volume confirms most of the Volume was on the buy side.
Price/Volume Trend was higher on 07/02/26 vs. price on 06/26/26.
The bull trend is confirmed by Volume Weighted Moving Average (VWMA) – price is above VWMA.
Price trend since the bottom made on 05/19/26 is Super Bullish. There’s an Elliott wave series of one’s and two’s up. This price pattern is usually the prelude to explosive moves. In this case up.
Important near – term resistance is at 6.70. A move above this level could trigger a multi – day rally to the 10.50 area.
Trade active
On 07/06/26 in the first minute of the regular trading session - 9:30 AM - EDT GoodYear (gt) opened at 6.67 and was quickly above important resistance at 6.70. Trading tip : when going long an upside breakout usually the low of the day will be at or close to the opening of the session. This was the case today for (GT).
GT reached 7.19 in the 07/06/26 session. Upside target is in the 10.00 area.
The forecast for reaching 10.00 is invalid if GT goes below the 07/02/26 bottom at 6.37.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.