GREEN DOT CORP-CLASS A (GDOT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GDOT - US39304D1028 - Common Stock
Overall GDOT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GDOT is only an average performer.
Besides having an excellent technical rating, GDOT also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 13.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.87, a Stop Loss order could be placed below this zone.
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10.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 12.79 to 12.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.41 from a trend line in the weekly time frame.
- Support @11.11 from a trend line in the daily time frame.
- Support @10.71 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.41 to 13.59. This zone is formed by a combination of multiple trend lines 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 GDOT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDOT is up. |
| ChartMill Relative Strength | 57.63 | NEUTRAL | GDOT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDOT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDOT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDOT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.84 | NEUTRAL | The RSI value for GDOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GDOT has a negative trend. |
| Stochastics (14,3) | 42.21 | NEUTRAL | The Stochastics value for GDOT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for GDOT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.16 | NEUTRAL | The ADX value for GDOT suggests a possible start of a new 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 |
|---|---|---|---|
| 13.10 | 12.78 | 0.32 (2.41%) | 25.00% |
| An entry @13.10. This is a Buy Stop order right above the 10 day moving average. | An exit @12.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.32 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GDOT. Please evaluate whether better entry and exit points can be found.
- 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.
12.88
-0.3 (-2.28%)
GREEN DOT CORP-CLASS A / GDOT FAQ
What is the ChartMill technical rating of GREEN DOT CORP-CLASS A (GDOT) stock?
ChartMill assigns a technical rating of 8 / 10 to GDOT.
What is the current trend direction of GREEN DOT CORP-CLASS A (GDOT) stock?
The current trend direction for GREEN DOT CORP-CLASS A (GDOT) is Bullish.
What is the RSI signal for GDOT stock?
GREEN DOT CORP-CLASS A (GDOT) has an RSI value of 53.8358. This indicates that the stock is currently neutral.
What is the short term momentum for GREEN DOT CORP-CLASS A (GDOT) stock?
The short term momentum for GREEN DOT CORP-CLASS A (GDOT) is positive.
What is the support and resistance level for GDOT stock?
GREEN DOT CORP-CLASS A (GDOT) has a support level at 12.87 and a resistance level at 13.41. Check the full technical report for our detailed analysis of GDOT support and resistance levels.