GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Technical Analysis
NASDAQ:GCT - Nasdaq - KYG386441037 - Common Stock - Currency: USD
Taking everything into account, GCT scores 5 out of 10 in our technical rating. In the past year, GCT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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 a resistance zone just above the current price starting at 18.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.56, a Stop Loss order could be placed below this zone.
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11.99
We found 2 important support areas.
- A support zone ranging from 17.56 to 17.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.94 to 18.99. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for GCT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GCT is up. |
| ChartMill Relative Strength | 26.16 | NEGATIVE | GCT has a low relative strength, it was outperformed by 73.84% 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 | NEGATIVE | The current price of GCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.56 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.19 | NEUTRAL | The Stochastics value for GCT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for GCT suggests high volalility. |
| Average Directional Index/ADX (14) | 40.8 | POSITIVE | The high ADX value value for GCT suggests a strong trend. |
18.93
+0.32 (+1.72%)