Overall GBR gets a technical rating of 2 out of 10. 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.
- When comparing the yearly performance of all stocks, GBR is a bad performer in the overall market: 86% of all stocks are doing better.
- GBR is part of the Real Estate Management & Development industry. There are 62 other stocks in this industry, of which 75% are performing better than GBR.
- GBR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GBR has a been trading in the 0.73 - 0.92 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GBR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for GBR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.74
2 important support areas can be observed.
- Support @0.77 from a trend line in the weekly time frame.
- A support zone ranging from 0.75 to 0.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.81 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.13 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 | 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 | 14.88 | NEGATIVE | GBR has a low relative strength, it was outperformed by 85.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GBR is below 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) | UP | MIXED | The current price of GBR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.51 | NEUTRAL | The RSI value for GBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GBR has a negative trend. |
| Stochastics (14,3) | 22.52 | NEUTRAL | The Stochastics value for GBR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for GBR suggests high volalility. |
| Average Directional Index/ADX (14) | 35.53 | POSITIVE | The high ADX value value for GBR suggests a strong trend. |
0.8021
-0.02 (-2.18%)
NEW CONCEPT ENERGY INC / GBR FAQ
Can you provide the ChartMill technical rating for NEW CONCEPT ENERGY INC?
ChartMill assigns a technical rating of 2 / 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 48.5084. 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 0.81. Check the full technical report for our detailed analysis of GBR support and resistance levels.