EGT Technical Analysis - EGUANA TECHNOLOGIES INC

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to EGT. In the last year, EGT was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month EGT has a been trading in the 0.13 - 0.23 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Warning: EGT has an average volume of 22553 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

EGT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 78% of 15 stocks in the same industry.

Looking at the yearly performance, EGT did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

EGT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EGT is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EGUANA TECHNOLOGIES INC / EGT Weekly stock chart

EGUANA TECHNOLOGIES INC / EGT Daily stock chart

Setup Rating and Analysis

Although EGT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.20

We found 3 important support areas.

A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.07 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @0.20 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for EGT.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for EGT.CA is neutral.
ChartMill Relative Strength	88.72	POSITIVE	EGT.CA has a high relative strength, it outperformed 88.72% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EGT.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EGT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EGT.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.48	NEUTRAL	The RSI value for EGT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests EGT.CA has a negative trend.
Stochastics (14,3)	7.41	OVERSOLD	The low Stochastics value suggests EGT.CA may be oversold.
Average True Range in percent/ATR (20)	13.67	HIGH VOLATILITY	The high ATR as a percentage value for EGT.CA suggests high volalility.
Average Directional Index/ADX (14)	24.59	NEUTRAL	The ADX value for EGT.CA suggests a possible start of a new trend.