GIGACLOUD TECHNOLOGY INC - A (GCT) Technical Analysis
NASDAQ:GCT • KYG386441037
Current stock price
GCT Technical Rating and Analysis
Overall GCT gets a technical rating of 10 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that GCT is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, GCT also shows a nice and consistent pattern of rising prices.
- GCT is part of the Distributors industry. There are 23 other stocks in this industry. GCT outperforms 100% of them.
- GCT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GCT is performing more or less in line with the market.
- In the last month GCT has a been trading in the 33.61 - 48.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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. There is a support zone below the current price at 40.35, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
GCT Support and Resistance Analysis
34.74
4 important support areas can be observed.
- A support zone ranging from 39.84 to 40.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.62 from a trend line in the weekly time frame.
- Support @36.26 from a trend line in the daily time frame.
- Support @35.09 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 | NEUTRAL | NEUTRAL | The short term trend for GCT is neutral. |
| ChartMill Relative Strength | 96.59 | POSITIVE | GCT has a high relative strength, it outperformed 96.59% 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) | 51.69 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests GCT has a negative trend. |
| Stochastics (14,3) | 40.45 | NEUTRAL | The Stochastics value for GCT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for GCT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for GCT suggests a possible start of a new 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 |
|---|---|---|---|
| 45.46 | 39.83 | 5.63 (12.38%) | 8.08% |
| An entry @45.46. This is a Buy Stop order right above the 10 day high. | An exit @39.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.63 points, which is 12.38%. | For a 1.00% total portfolio risk, you can invest 8.08% 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
42.02
-1.26 (-2.91%)
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 GCT stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has an RSI value of 51.6948. 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 neutral.
What are the support and resistance levels for GIGACLOUD TECHNOLOGY INC - A (GCT) stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has a support level at 40.35. Check the full technical report for our detailed analysis of GCT support and resistance levels.