GIGACLOUD TECHNOLOGY INC - A (GCT) Technical Analysis
NASDAQ:GCT • KYG386441037
Current stock price
GCT Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to GCT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GCT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GCT did better than 97% of all other stocks. We also observe that the gains produced by GCT over the past year are nicely spread over this period.
- GCT is one of the better performing stocks in the Distributors industry, it outperforms 95% of 23 stocks in the same industry.
- GCT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GCT has a been trading in the 40.27 - 51.86 range, which is quite wide. It is currently trading near the high of this range.
GCT Weekly and Daily overview Charts
GCT Setup Rating and Analysis
GCT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
GCT Support and Resistance Analysis
38.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.29 to 43.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.99 from a horizontal line in the daily time frame.
- A support zone ranging from 39.70 to 40.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.46 from a trend line in the daily time frame.
GCT 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 | 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 | 97.4 | POSITIVE | GCT has a high relative strength, it outperformed 97.4% off all stocks 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) | 54.84 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests GCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.97 | OVERBOUGHT | The high Stochastics value suggests GCT may be overbought. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for GCT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.1 | NEGATIVE | The low ADX value for GCT suggests a weak or negative trend. |
GCT Chart- and CandleStick Pattern Analysis
GCT Example Setup
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 |
|---|---|---|---|
| 51.87 | 43.28 | 8.59 (16.56%) | 6.04% |
| An entry @51.87. This is a Buy Stop order right above the 10 day high. | An exit @43.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.59 points, which is 16.56%. | For a 1.00% total portfolio risk, you can invest 6.04% of your capital in this trade. |
- 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.
GCT Technicals: Chart, Performance Metrics, Trend & Indicators
47.42
-2.67 (-5.33%)
GIGACLOUD TECHNOLOGY INC - A / GCT TA 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 GIGACLOUD TECHNOLOGY INC - A (GCT) stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has an RSI value of 54.8374. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GIGACLOUD TECHNOLOGY INC - A?
The MACD indicator for GIGACLOUD TECHNOLOGY INC - A (GCT) has a value of 0.390829, indicating a bearish trend.
Can you provide the buy/sell signal for GIGACLOUD TECHNOLOGY INC - A?
The buy/sell signal for GIGACLOUD TECHNOLOGY INC - A (GCT) is buy as both the short term and long term trends are positive.