GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Technical Analysis
NASDAQ:GCT - Nasdaq - KYG386441037 - Common Stock - Currency: USD
Overall GCT gets a technical rating of 9 out of 10. 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.
GCT is part of the Distributors industry. There are 19 other stocks in this industry. GCT outperforms 83% of them.
In the last month GCT has a been trading in the 19.23 - 25.28 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that GCT is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GCT has an excellent technical rating, it does not offer a high quality setup 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
12.27
24.31
When analyzing the support we can see 4 important areas.
- Support @21.73 from a trend line in the daily time frame.
- Support @20.75 from a trend line in the daily time frame.
- Support @17.56 from a horizontal line in the daily time frame.
- Support @12.39 from a trend 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 | UP | POSITIVE | The short term trend for GCT is up. |
| ChartMill Relative Strength | 86.98 | POSITIVE | GCT has a high relative strength, it outperformed 86.98% 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) | DOWN | MIXED | The current price of GCT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.76 | OVERBOUGHT | The high RSI value suggests GCT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests GCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.71 | OVERBOUGHT | The high Stochastics value suggests GCT may be overbought. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for GCT suggests some volalility. |
| Average Directional Index/ADX (14) | 38.27 | 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)
24.07
+0.06 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg0.25%
1 Week12.37%
2 Weeks15.94%
1 Month19.04%
3 Month80.71%
6 Month14.13%
12 Month-15.37%
2 Year175.4%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.97
ATR(20)%3.93%
ATR Inc-6.04%
Range Today0.62
ADR(20)0.93
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.98
Mansfield1.15
10 Day High25.28
10 Day Low19.97
20 Day High25.28
20 Day Low19.23
52 Week High29.94
52 Week Low11.17
CS1 End21.73
CR1 StartN/A
Volume & EV
DER(3)3.88%
DER(5)3.99%
Volume433.70K
Volume Incr7.96%
Vol(5)744.70K
Vol(50)661.66K