NEW CONCEPT ENERGY INC (GBR) Technical Analysis
NYSEARCA:GBR • US6436111065
We assign a technical rating of 8 out of 10 to GBR. GBR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- GBR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GBR is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- GBR is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 85% of 62 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that GBR is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month GBR has a been trading in the 0.71 - 1.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GBR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
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We found 3 important support areas.
- Support @0.96 from a horizontal line in the daily time frame.
- A support zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.07 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for GBR is up. |
| ChartMill Relative Strength | 82.22 | POSITIVE | GBR has a high relative strength, it outperformed 82.22% 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) | UP | POSITIVE | The current price of GBR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.1 | NEUTRAL | The RSI value for GBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.94 | NEUTRAL | The Stochastics value for GBR is a neutral value. |
| Average True Range in percent/ATR (20) | 12.58 | HIGH VOLATILITY | The high ATR as a percentage value for GBR suggests high volalility. |
| Average Directional Index/ADX (14) | 44.91 | POSITIVE | The high ADX value value for GBR suggests a strong trend. |
GBR Technicals: Chart, Performance Metrics, Trend & Indicators
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NEW CONCEPT ENERGY INC / GBR FAQ
Can you provide the ChartMill technical rating for NEW CONCEPT ENERGY INC?
ChartMill assigns a technical rating of 8 / 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 58.1002. 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 positive.
What is the support and resistance level for GBR stock?
NEW CONCEPT ENERGY INC (GBR) has a support level at 0.96 and a resistance level at 1.07. Check the full technical report for our detailed analysis of GBR support and resistance levels.