G2MNO Technical Analysis - GENTOO MEDIA INC

Technical Rating and Analysis

Taking everything into account, G2MNO scores 0 out of 10 in our technical rating. G2MNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, G2MNO is a bad performer in the overall market: 100% of all stocks are doing better.

G2MNO is part of the Hotels, Restaurants & Leisure industry. There are 53 other stocks in this industry, of which 88% are performing better than G2MNO.

In the last month G2MNO has a been trading in the 11.50 - 15.00 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Warning: G2MNO has an average volume of 23071 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GENTOO MEDIA INC / G2MNO Weekly stock chart

GENTOO MEDIA INC / G2MNO Daily stock chart

Setup Rating and Analysis

The technical rating of G2MNO is bad and it also does not present a quality setup 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

11.60

17.83

We can see 2 important resistance areas.

A resistance zone ranging from 13.46 to 13.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @17.65 from a trend line in the daily 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	DOWN	NEGATIVE	The long term trend for G2MNO.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for G2MNO.OL is down.
ChartMill Relative Strength	0	NEGATIVE	G2MNO.OL has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of G2MNO.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of G2MNO.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of G2MNO.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	25.06	OVERSOLD	The low RSI value suggests G2MNO.OL may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.17	NEGATIVE	The MACD value suggests G2MNO.OL has a negative trend.
Stochastics (14,3)	7.62	OVERSOLD	The low Stochastics value suggests G2MNO.OL may be oversold.
Average True Range in percent/ATR (20)	5.67	HIGH VOLATILITY	The high ATR as a percentage value for G2MNO.OL suggests high volalility.
Average Directional Index/ADX (14)	34.23	POSITIVE	The high ADX value value for G2MNO.OL suggests a strong trend.