GCTK Technical Analysis - GLUCOTRACK INC

Technical Rating and Analysis

Overall GCTK gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GCTK was also a bad performer in the overall market in the last year.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

99% of all other stocks performed better in the past year than GCTK.

GCTK is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 85% of 190 stocks in the same industry do better.

GCTK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month GCTK has a been trading in the 4.22 - 14.14 range, which is quite wide. It is currently trading near the lows of this range.

GCTK has an average volume of 2134700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLUCOTRACK INC / GCTK Weekly stock chart

Setup Rating and Analysis

The technical rating of GCTK 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.89

9.87

When analyzing the support we notice one important area.

Support @4.94 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 5.74 to 5.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @9.77 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for GCTK is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GCTK is neutral.
ChartMill Relative Strength	1.83	NEGATIVE	GCTK has a low relative strength, it was outperformed by 98.17% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of GCTK is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of GCTK is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GCTK is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.85	NEUTRAL	The RSI value for GCTK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests GCTK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	18.57	OVERSOLD	The low Stochastics value suggests GCTK may be oversold.
Average True Range in percent/ATR (20)	19.89	HIGH VOLATILITY	The high ATR as a percentage value for GCTK suggests high volalility.
Average Directional Index/ADX (14)	31.45	POSITIVE	The high ADX value value for GCTK suggests a strong trend.