By Mill Chart
Last update: Jul 5, 2024
In this article, we'll take a closer look at GIGACLOUD TECHNOLOGY INC - A (NASDAQ:GCT) as a potential candidate for growth investing. While it's important for investors to conduct their own research, GIGACLOUD TECHNOLOGY INC - A has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.
ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:GCT scores a 9 out of 10:
ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NASDAQ:GCT was assigned a score of 6 for health:
Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:GCT has achieved a 8:
Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:GCT currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.
Besides having an excellent technical rating, GCT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 32.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.81, a Stop Loss order could be placed below this zone.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Check the latest full fundamental report of GCT for a complete fundamental analysis.
For an up to date full technical analysis you can check the technical report of GCT
This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
17.56
-0.48 (-2.66%)
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