The Goodyear Tire Rubber Company (GT) traded in a volatile manner during recent intraday sessions as the stock attempts to build positive momentum that could support a continuation of its recovery in the near term. The stock continues to benefit from its breakout above a key short-term bearish trendline, while positive support remains intact through trading above its 50-day Simple Moving Average (SMA). These factors strengthen the prospects for further upside, particularly as momentum indicators continue to generate positive signals.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $6.14 holds firm. Under this scenario, the stock is expected to target the key resistance level at $7.30.

Today's price forecast: Bullish.