We assign a technical rating of 1 out of 10 to GBR. GBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GBR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GBR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.73
When analyzing the support we notice one important area.
- A support zone ranging from 0.74 to 0.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.82 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.15 from a trend line in the weekly time frame.
- Resistance @1.19 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for GBR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GBR is neutral. |
| ChartMill Relative Strength | 12.5 | NEGATIVE | GBR has a low relative strength, it was outperformed by 87.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GBR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GBR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GBR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.11 | NEUTRAL | The RSI value for GBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GBR has a positive trend. |
| Stochastics (14,3) | 40.37 | NEUTRAL | The Stochastics value for GBR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for GBR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.76 | NEUTRAL | The ADX value for GBR suggests a possible start of a new trend. |
0.81
+0.03 (+3.86%)
NEW CONCEPT ENERGY INC / GBR FAQ
Can you provide the ChartMill technical rating for NEW CONCEPT ENERGY INC?
ChartMill assigns a technical rating of 1 / 10 to GBR.
What is the trend direction for GBR stock?
The current trend direction for NEW CONCEPT ENERGY INC (GBR) is Bearish.
What is the RSI signal for NEW CONCEPT ENERGY INC (GBR) stock?
NEW CONCEPT ENERGY INC (GBR) has an RSI value of 53.1134. This indicates that the stock is currently neutral.
What is the short term momentum for GBR stock?
The short term momentum for NEW CONCEPT ENERGY INC (GBR) is neutral.
What is the support and resistance level for GBR stock?
NEW CONCEPT ENERGY INC (GBR) has a support level at 0.77 and a resistance level at 0.82. Check the full technical report for our detailed analysis of GBR support and resistance levels.