GDEV Technical Analysis - GDEV INC

Technical Rating and Analysis

Taking everything into account, GDEV scores 7 out of 10 in our technical rating. Although GDEV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: GDEV has an average volume of 13663 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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 compared to the yearly performance of all other stocks, GDEV outperforms 65% of them, which is more or less in line with the market.

GDEV is an average performer in the Entertainment industry, it outperforms 60% of 79 stocks in the same industry.

GDEV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GDEV is lagging the market.

In the last month GDEV has a been trading in the 15.75 - 42.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GDEV has an excellent technical rating, the quality of the presented setup is not ideal 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

12.51

23.87

We found 1 important support area.

A support zone ranging from 12.64 to 12.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for GDEV is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GDEV is neutral.
ChartMill Relative Strength	65.9	NEUTRAL	GDEV is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of GDEV is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GDEV is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GDEV is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.87	NEUTRAL	The RSI value for GDEV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.19	NEGATIVE	The MACD value suggests GDEV has a negative trend.
Stochastics (14,3)	23.37	NEUTRAL	The Stochastics value for GDEV is a neutral value.
Average True Range in percent/ATR (20)	24.96	HIGH VOLATILITY	The high ATR as a percentage value for GDEV suggests high volalility.
Average Directional Index/ADX (14)	47.29	POSITIVE	The high ADX value value for GDEV suggests a strong trend.