Great Elm Capital Group Inc (GEC) Stock Technical Analysis
NYSE:GEC - New York Stock Exchange, Inc. -
We assign a technical rating of 5 out of 10 to GEC. In the last year, GEC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, GEC is a bad performer in the overall market: 90% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GEC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GEC is lagging the market.
In the last month GEC has a been trading in the 2.35 - 2.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GEC does present a nice setup opportunity. 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
1.73
2.84
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.46 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.34 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.01 from a trend line in the weekly time frame.
- Support @1.84 from a trend line in the daily time frame.
- Support @1.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.76 from a horizontal line in the weekly time frame.
- Resistance @2.81 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for GEC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEC is up. |
| ChartMill Relative Strength | 10.17 | NEGATIVE | GEC has a low relative strength, it was outperformed by 89.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GEC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GEC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.84 | NEUTRAL | The RSI value for GEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.95 | NEUTRAL | The Stochastics value for GEC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for GEC suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.62
-0.1 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.68%
1 Week11.49%
2 Weeks1.55%
1 Month-4.73%
3 Month5.22%
6 Month24.76%
12 Month-22.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%7.49%
ATR Inc-21.81%
Range Today0.17
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.17
Mansfield-0.72
10 Day High2.86
10 Day Low2.35
20 Day High2.88
20 Day Low2.35
52 Week High3.35
52 Week Low1.31
CS1 End2.48
CR1 Start2.76
Volume & EV
DER(3)-8.14%
DER(5)-10.99%
Volume21.70K
Volume Incr108.31%
Vol(5)120.60K
Vol(50)58.37K