NEW CONCEPT ENERGY INC (GBR) Stock Technical Analysis
NYSEARCA:GBR - US6436111065 - Common Stock
1.01 USD
-0.1 (-9.01%)
0.9914 USD
-0.02 (-1.84%)
We assign a technical rating of 3 out of 10 to GBR. In the last year, GBR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, GBR is a bad performer in the overall market: 77% of all stocks are doing better.
GBR is part of the Real Estate Management & Development industry. There are 63 other stocks in this industry, of which 72% are performing better than GBR.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GBR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GBR is lagging the market.
In the last month GBR has a been trading in the 0.75 - 1.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GBR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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
0.83
1.31
2 important support areas can be observed.
- Support @0.87 from a trend line in the daily time frame.
- A support zone ranging from 0.84 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.02 from a horizontal line in the weekly time frame.
- Resistance @1.12 from a horizontal line in the daily time frame.
- Resistance @1.30 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 | NEUTRAL | NEUTRAL | The long term trend for GBR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GBR is neutral. |
| ChartMill Relative Strength | 23.21 | NEGATIVE | GBR has a low relative strength, it was outperformed by 76.79% 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) | 54.94 | NEUTRAL | The RSI value for GBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GBR has a positive trend. |
| Stochastics (14,3) | 53.16 | NEUTRAL | The Stochastics value for GBR is a neutral value. |
| Average True Range in percent/ATR (20) | 11.6 | HIGH VOLATILITY | The high ATR as a percentage value for GBR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for GBR suggests a possible start of a new trend. |
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)
1.01
-0.1 (-9.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-9.01%
1 Week12.23%
2 Weeks1.5%
1 Month22.42%
3 Month11%
6 Month-5.61%
12 Month-18.55%
2 Year-11.01%
3 Year-36.08%
5 Year-21.71%
10 Year-39.88%
15 Year-54.71%
Volatility
ATR(14)0.14
ATR(20)%11.6%
ATR Inc112.21%
Range Today0.07
ADR(20)0.11
ADR(20)%11.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.21
Mansfield-1.22
10 Day High1.21
10 Day Low0.75
20 Day High1.21
20 Day Low0.75
52 Week High1.78
52 Week Low0.67
CS1 End0.87
CR1 Start1.02
Volume & EV
DER(3)3.02%
DER(5)1.86%
Volume211.40K
Volume Incr2318.74%
Vol(5)906.18K
Vol(50)135.87K