GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Technical Analysis
NASDAQ:GCT - Nasdaq - KYG386441037 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GCT. Although GCT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
GCT is one of the better performing stocks in the Distributors industry, it outperforms 83% of 19 stocks in the same industry.
In the last month GCT has a been trading in the 17.11 - 21.12 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, GCT turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
GCT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GCT is lagging the market.
Although GCT has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
12.13
21.14
We found 3 important support areas.
- Support @18.66 from a trend line in the daily time frame.
- A support zone ranging from 17.56 to 17.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @20.93 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 GCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GCT is up. |
| ChartMill Relative Strength | 48.42 | NEUTRAL | GCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests GCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.91 | OVERBOUGHT | The high Stochastics value suggests GCT may be overbought. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for GCT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.04 | POSITIVE | The high ADX value value for GCT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.56
-0.37 (-1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-1.77%
1 Week1.68%
2 Weeks14.22%
1 Month10.6%
3 Month54.47%
6 Month4.95%
12 Month-36.13%
2 Year135.24%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%4.09%
ATR Inc-12.88%
Range Today0.64
ADR(20)0.83
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.42
Mansfield-0.58
10 Day High21.12
10 Day Low17.11
20 Day High21.12
20 Day Low17.11
52 Week High34.28
52 Week Low11.17
CS1 End18.11
CR1 Start20.22
Volume & EV
DER(3)1.87%
DER(5)2.76%
Volume236.60K
Volume Incr59.63%
Vol(5)931.40K
Vol(50)739.25K