GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Technical Analysis
NASDAQ:GCT • KYG386441037
We assign a technical rating of 4 out of 10 to GCT. GCT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- GCT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, GCT did better than 90% of all other stocks.
- GCT is part of the Distributors industry. There are 23 other stocks in this industry. GCT outperforms 100% of them.
- GCT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GCT is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
GCT has an average technical rating and also the quality of the setup is only medium 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
25.19
We found 4 important support areas.
- A support zone ranging from 34.77 to 35.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.10 from a horizontal line in the daily time frame.
- Support @31.27 from a trend line in the daily time frame.
- Support @25.44 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @35.41 from a horizontal line in the daily time frame.
- A resistance zone ranging from 39.56 to 40.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.08 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 | DOWN | NEGATIVE | The short term trend for GCT is down. |
| ChartMill Relative Strength | 90.1 | POSITIVE | GCT has a high relative strength, it outperformed 90.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GCT is below a declining 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) | 39.18 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests GCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.49 | OVERSOLD | The low Stochastics value suggests GCT may be oversold. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for GCT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.13 | NEUTRAL | The ADX value for GCT suggests a possible start of a new trend. |
35.03
-0.37 (-1.05%)
GIGACLOUD TECHNOLOGY INC - A / GCT FAQ
What is the technical rating for GCT stock?
ChartMill assigns a technical rating of 4 / 10 to GCT.
What is the trend direction for GCT stock?
The current trend direction for GIGACLOUD TECHNOLOGY INC - A (GCT) is Bullish.
What is the RSI signal for GCT stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has an RSI value of 39.1762. This indicates that the stock is currently neutral.
What is the short term momentum for GCT stock?
The short term momentum for GIGACLOUD TECHNOLOGY INC - A (GCT) is negative.
What are the support and resistance levels for GIGACLOUD TECHNOLOGY INC - A (GCT) stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has a support level at 35.02 and a resistance level at 35.41. Check the full technical report for our detailed analysis of GCT support and resistance levels.