WISDOMTREE ENHANCED COMMODIT (GCC) Stock Technical Analysis
NYSEARCA:GCC • US97717Y6831
We assign a technical rating of 5 out of 10 to GCC. In the last year, GCC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month GCC has a been trading in the 21.72 - 24.86 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When compared to the yearly performance of all other stocks, GCC outperforms 64% of them, which is more or less in line with the market.
- GCC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GCC is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, GCC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 21.90, a Stop Loss order could be placed below this zone.
More info and screens
19.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.82 to 21.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.84 to 20.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.48 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 | UP | POSITIVE | The long term trend for GCC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GCC is neutral. |
| ChartMill Relative Strength | 64.08 | NEUTRAL | GCC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GCC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.15 | NEUTRAL | The RSI value for GCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests GCC has a negative trend. |
| Stochastics (14,3) | 17.62 | OVERSOLD | The low Stochastics value suggests GCC may be oversold. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for GCC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for GCC suggests a weak or negative trend. |
22.11
+0.21 (+0.96%)
WISDOMTREE ENHANCED COMMODIT / GCC FAQ
What is the ChartMill technical rating of WISDOMTREE ENHANCED COMMODIT (GCC) stock?
ChartMill assigns a technical rating of 5 / 10 to GCC.
What is the current trend direction of WISDOMTREE ENHANCED COMMODIT (GCC) stock?
The current trend direction for WISDOMTREE ENHANCED COMMODIT (GCC) is Bullish.
Can you provide the RSI signal for WISDOMTREE ENHANCED COMMODIT?
WISDOMTREE ENHANCED COMMODIT (GCC) has an RSI value of 45.1512. This indicates that the stock is currently neutral.
What is the short term momentum for WISDOMTREE ENHANCED COMMODIT (GCC) stock?
The short term momentum for WISDOMTREE ENHANCED COMMODIT (GCC) is neutral.