Overall GDP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GDP is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, GDP did better than 96% of all other stocks. We also observe that the gains produced by GDP over the past year are nicely spread over this period.
- GDP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. GDP outperforms 97% of them.
- GDP 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 GDP is lagging the market slightly.
- In the last month GDP has a been trading in a tight range between 22.92 and 23.20.
GDP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
13.30
4 important support areas can be observed.
- A support zone ranging from 20.42 to 20.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.06 from a horizontal line in the daily time frame.
- Support @19.41 from a trend line in the weekly time frame.
- Support @13.43 from a trend line in the weekly 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 GDP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDP is up. |
| ChartMill Relative Strength | 96.63 | POSITIVE | GDP has a high relative strength, it outperformed 96.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GDP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.05 | NEUTRAL | The RSI value for GDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.57 | NEUTRAL | The Stochastics value for GDP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for GDP suggests low volalility. |
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 |
|---|---|---|---|
| 23.03 | 22.93 | 0.10 (0.43%) | 25.00% |
| An entry @23.03. This is a Buy Stop order right above the 10 day high. | An exit @22.93. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.43%. | For a 0.11% total portfolio risk, you can invest 25.00% 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.
Goodrich Petroleum Corporation
NYSEARCA:GDP (12/22/2021, 8:20:48 PM)
After market: 22.99 -0.03 (-0.13%)23.02
+0.05 (+0.22%)
Goodrich Petroleum Corporation / GDP FAQ
What is the technical rating for GDP stock?
ChartMill assigns a technical rating of 9 / 10 to GDP.
What is the trend direction for GDP stock?
The current trend direction for Goodrich Petroleum Corporation (GDP) is Bullish.
What is the RSI signal for Goodrich Petroleum Corporation (GDP) stock?
Goodrich Petroleum Corporation (GDP) has an RSI value of 59.0452. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Goodrich Petroleum Corporation?
The short term momentum for Goodrich Petroleum Corporation (GDP) is positive.
Can you provide the support and resistance levels for Goodrich Petroleum Corporation?
Goodrich Petroleum Corporation (GDP) has a support level at 20.43. Check the full technical report for our detailed analysis of GDP support and resistance levels.