NEXTERS INC -CW28 (GDEVW) Stock Technical Analysis
USA - NASDAQ:GDEVW -
We assign a technical rating of 7 out of 10 to GDEVW. In the last year, GDEVW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, GDEVW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.03, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 GDEVW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GDEVW is neutral. |
| ChartMill Relative Strength | 80.02 | POSITIVE | GDEVW has a high relative strength, it outperformed 80.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GDEVW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDEVW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GDEVW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.79 | NEUTRAL | The RSI value for GDEVW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GDEVW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.57 | NEUTRAL | The Stochastics value for GDEVW is a neutral value. |
| Average True Range in percent/ATR (20) | 20.08 | HIGH VOLATILITY | The high ATR as a percentage value for GDEVW suggests high volalility. |
| Average Directional Index/ADX (14) | 27.76 | POSITIVE | The high ADX value value for GDEVW suggests a strong trend. |
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 |
|---|---|---|---|
| 0.04 | 0.02 | 0.03 (62.50%) | 1.60% |
| An entry @0.04. This is a Buy Stop order right above the resistance zone. | An exit @0.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 62.50%. | For a 1.00% total portfolio risk, you can invest 1.60% 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.
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NEXTERS INC -CW28 / GDEVW FAQ
What is the ChartMill technical rating of NEXTERS INC -CW28 (GDEVW) stock?
ChartMill assigns a technical rating of 7 / 10 to GDEVW.
What is the current trend direction of NEXTERS INC -CW28 (GDEVW) stock?
The current trend direction for NEXTERS INC -CW28 (GDEVW) is Bearish.
What is the RSI signal for NEXTERS INC -CW28 (GDEVW) stock?
NEXTERS INC -CW28 (GDEVW) has an RSI value of 52.786. This indicates that the stock is currently neutral.
What is the support and resistance level for GDEVW stock?
NEXTERS INC -CW28 (GDEVW) has a support level at 0.03 and a resistance level at 0.03. Check the full technical report for our detailed analysis of GDEVW support and resistance levels.