GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Technical Analysis
USA - NASDAQ:GCT - KYG386441037 - Common Stock
Taking everything into account, GCT scores 5 out of 10 in our technical rating. In the last year, GCT was one of the better performers, but we do observe some doubts in the very recent evolution.
GCT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 27.97, a Stop Loss order could be placed below this zone.
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25.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.83 to 27.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.19 to 26.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @29.30 from a trend line in the daily time frame.
- Resistance @30.65 from a trend line in the weekly time frame.
- Resistance @31.23 from a horizontal line in the daily time frame.
- Resistance @32.19 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for GCT is neutral. |
| ChartMill Relative Strength | 84.57 | POSITIVE | GCT has a high relative strength, it outperformed 84.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GCT is above 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) | 49.8 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests GCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.58 | NEUTRAL | The Stochastics value for GCT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for GCT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.1 | NEGATIVE | The low ADX value for GCT suggests a weak or negative trend. |
27.98
+0.61 (+2.23%)
GIGACLOUD TECHNOLOGY INC - A / GCT FAQ
What is the technical rating for GCT stock?
ChartMill assigns a technical rating of 5 / 10 to GCT.
Can you provide the trend direction for GIGACLOUD TECHNOLOGY INC - A?
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 49.7954. This indicates that the stock is currently neutral.
What is the support and resistance level for GCT stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has a support level at 27.97 and a resistance level at 29.3. Check the full technical report for our detailed analysis of GCT support and resistance levels.