Garrison Capital Inc (GARS) Stock Technical Analysis
NASDAQ:GARS - Nasdaq -
We assign a technical rating of 6 out of 10 to GARS. Although GARS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, GARS is a bad performer in the overall market: 74% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
GARS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GARS is lagging the market.
In the last month GARS has a been trading in the 3.76 - 4.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GARS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GARS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.27
5.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.85 to 3.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.69 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.30 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.90 to 3.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.02 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.99 from a trend line in the weekly time frame.
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 GARS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GARS is neutral. |
| ChartMill Relative Strength | 26.62 | NEGATIVE | GARS has a low relative strength, it was outperformed by 73.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GARS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GARS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GARS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.9 | NEUTRAL | The RSI value for GARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GARS has a negative trend. |
| Stochastics (14,3) | 53.86 | NEUTRAL | The Stochastics value for GARS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for GARS suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.96 | 3.84 | 0.12 (3.03%) | 25.00% |
| An entry @3.96. This is a Buy Stop order right above the resistance zone. | An exit @3.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 3.03%. | For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GARS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:GARS (10/27/2020, 8:00:03 PM)
3.88
-0.06 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.65%
1 Week-3%
2 Weeks0%
1 Month0.91%
3 Month17.22%
6 Month97.96%
12 Month-41.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.01%
ATR Inc42.34%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.62
Mansfield-0.98
10 Day High4.08
10 Day Low3.8
20 Day High4.08
20 Day Low3.76
52 Week High6.77
52 Week Low1.04
CS1 End3.85
CR1 Start3.9
Volume & EV
DER(3)-2.37%
DER(5)3.01%
Volume52.10K
Volume Incr25.62%
Vol(5)37.90K
Vol(50)43.71K