NEW CONCEPT ENERGY INC (GBR) Stock Technical Analysis
USA - NYSEARCA:GBR - US6436111065 - Common Stock
Overall GBR gets a technical rating of 1 out of 10. GBR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
GBR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.98. Right above this resistance zone may be a good entry point.
More info and screens
0.80
3 important support areas can be observed.
- A support zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.86 to 0.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.98 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.19 from a horizontal line in the daily time frame.
- Resistance @1.22 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 | 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 | 26.82 | NEGATIVE | GBR has a low relative strength, it was outperformed by 73.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GBR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GBR is below the rising 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) | 46.77 | 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) | 35.78 | NEUTRAL | The Stochastics value for GBR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.35 | HIGH VOLATILITY | The high ATR as a percentage value for GBR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.16 | NEGATIVE | The low ADX value for GBR suggests a weak or negative trend. |
0.91
+0.02 (+2.14%)
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 current trend direction of NEW CONCEPT ENERGY INC (GBR) stock?
The current trend direction for NEW CONCEPT ENERGY INC (GBR) is Bearish.
Can you provide the RSI signal for NEW CONCEPT ENERGY INC?
NEW CONCEPT ENERGY INC (GBR) has an RSI value of 46.7708. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW CONCEPT ENERGY INC?
The MACD indicator for NEW CONCEPT ENERGY INC (GBR) has a value of 0.00213739, indicating a bearish trend.
Can you provide the support and resistance levels for NEW CONCEPT ENERGY INC?
NEW CONCEPT ENERGY INC (GBR) has a support level at 0.91 and a resistance level at 0.98. Check the full technical report for our detailed analysis of GBR support and resistance levels.