GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Technical Analysis
NASDAQ:GCT • KYG386441037
Overall GCT gets a technical rating of 3 out of 10. In the last year, GCT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month GCT has a been trading in the 33.94 - 43.11 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- GCT is part of the Distributors industry. There are 22 other stocks in this industry. GCT outperforms 95% of them.
- GCT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GCT is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that GCT is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
The technical rating of GCT is bad and it also does not present a 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
25.19
When analyzing the support we can see 3 important areas.
- Support @30.86 from a trend line in the daily time frame.
- Support @29.70 from a trend line in the daily time frame.
- Support @25.44 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @40.93 from a trend line in the daily time frame.
- Resistance @42.08 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for GCT is down. |
| ChartMill Relative Strength | 90.51 | POSITIVE | GCT has a high relative strength, it outperformed 90.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GCT is below 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) | 34.44 | NEUTRAL | The RSI value for GCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests GCT has a negative trend. |
| Stochastics (14,3) | 7.42 | OVERSOLD | The low Stochastics value suggests GCT may be oversold. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for GCT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.05 | NEUTRAL | The ADX value for GCT suggests a possible start of a new trend. |
34.11
-2.38 (-6.52%)
GIGACLOUD TECHNOLOGY INC - A / GCT FAQ
What is the technical rating for GCT stock?
ChartMill assigns a technical rating of 3 / 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 34.4385. 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 negative.
What are the support and resistance levels for GIGACLOUD TECHNOLOGY INC - A (GCT) stock?
GIGACLOUD TECHNOLOGY INC - A (GCT) has a support level at 30.86 and a resistance level at 40.93. Check the full technical report for our detailed analysis of GCT support and resistance levels.