GANNETT CO INC (GCI) Stock Technical Analysis
NYSE:GCI - US36472T1097 - Common Stock
We assign a technical rating of 7 out of 10 to GCI. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GCI is a bad performer.
Besides having an excellent technical rating, GCI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GCI 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.
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3 important support areas can be observed.
- A support zone ranging from 3.82 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.53 to 3.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.26 to 4.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.35 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 | UP | POSITIVE | The long term trend for GCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GCI is up. |
| ChartMill Relative Strength | 23.9 | NEGATIVE | GCI has a low relative strength, it was outperformed by 76.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GCI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.76 | NEUTRAL | The RSI value for GCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GCI has a negative trend. |
| Stochastics (14,3) | 52.14 | NEUTRAL | The Stochastics value for GCI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for GCI suggests high volalility. |
| Average Directional Index/ADX (14) | 12.64 | NEGATIVE | The low ADX value for GCI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.27 | 3.93 | 0.34 (7.96%) | 12.56% |
| An entry @4.27. This is a Buy Stop order right above the resistance zone. | An exit @3.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.34 points, which is 7.96%. | For a 1.00% total portfolio risk, you can invest 12.56% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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