The Goodyear Tire Rubber Company (GT) stock declined in its latest intraday trading, as the short-term bearish trend remains in control. Negative pressure continues from trading below its previous 50-day SMA, while additional downside risks are reinforced by bearish signals in the Stochastic indicators after forming a negative divergence upon reaching strongly overbought levels, exaggerated relative to the stocks movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as it remains below 8.85, to then target the key support level of 8.00.

Todays price forecast: Bearish.