Taking everything into account, GCT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GCT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GCT is one of the better performing stocks in the market, outperforming 95% of all stocks.
- GCT is one of the better performing stocks in the Distributors industry, it outperforms 100% of 21 stocks in the same industry.
- 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.
- In the last month GCT has a been trading in the 37.20 - 44.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GCT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 38.75, a Stop Loss order could be placed below this zone.
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25.19
When analyzing the support we can see 5 important areas.
- A support zone ranging from 38.19 to 38.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.99 from a trend line in the weekly time frame.
- Support @30.16 from a trend line in the daily time frame.
- Support @28.54 from a trend line in the daily time frame.
- Support @25.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.50 to 41.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 95.6 | POSITIVE | GCT has a high relative strength, it outperformed 95.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GCT is below 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) | 51.86 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests GCT has a negative trend. |
| Stochastics (14,3) | 50.6 | NEUTRAL | The Stochastics value for GCT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GCT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.79 | POSITIVE | The high ADX value value for GCT suggests a strong 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 |
|---|---|---|---|
| 41.82 | 38.18 | 3.64 (8.70%) | 11.49% |
| An entry @41.82. This is a Buy Stop order right above the resistance zone. | An exit @38.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.64 points, which is 8.70%. | When investing 11.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
40.41
-1.17 (-2.81%)
GIGACLOUD TECHNOLOGY INC - A / GCT FAQ
What is the technical rating for GCT stock?
ChartMill assigns a technical rating of 10 / 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 51.8612. 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 positive.
What are the support and resistance levels for GIGACLOUD TECHNOLOGY INC - A (GCT) stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has a support level at 38.75 and a resistance level at 41.5. Check the full technical report for our detailed analysis of GCT support and resistance levels.