GCL Technical Analysis - GCL GLOBAL HOLDINGS LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to GCL. GCL'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, GCL is a bad performer in the overall market: 100% of all stocks are doing better.

GCL is part of the Entertainment industry. There are 80 other stocks in this industry, of which 89% are performing better than GCL.

In the last month GCL has a been trading in the 2.34 - 3.69 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GCL GLOBAL HOLDINGS LTD / GCL Weekly stock chart

GCL GLOBAL HOLDINGS LTD / GCL Daily stock chart

Setup Rating and Analysis

The technical rating of GCL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.37

3.10

We found 2 important support areas.

Support @2.65 from a horizontal line in the weekly time frame.
A support zone ranging from 2.39 to 2.41. This zone is formed by a combination of multiple trend lines in the daily time frame.

2 important resistance areas can be observed.

Resistance @2.93 from a trend line in the daily time frame.
A resistance zone ranging from 3.03 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 GCL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GCL is down.
ChartMill Relative Strength	0	NEGATIVE	GCL has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GCL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GCL is below a declining SMA(50).
Relative Strength Index/RSI (14)	36.08	NEUTRAL	The RSI value for GCL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests GCL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	36.05	NEUTRAL	The Stochastics value for GCL is a neutral value.
Average True Range in percent/ATR (20)	9.72	HIGH VOLATILITY	The high ATR as a percentage value for GCL suggests high volalility.
Average Directional Index/ADX (14)	28.5	POSITIVE	The high ADX value value for GCL suggests a strong trend.