GREAT ELM GROUP INC (GEG) Stock Technical Analysis
NASDAQ:GEG - Nasdaq - US39037G1094 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GEG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GEG is showing a nice and steady performance.
Warning: GEG has an average volume of 14946 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GEG is one of the better performing stocks in the market, outperforming 82% of all stocks.
GEG is one of the better performing stocks in the Capital Markets industry, it outperforms 81% of 232 stocks in the same industry.
GEG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GEG is leading the market.
In the last month GEG has a been trading in the 1.90 - 2.20 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GEG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for GEG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.72
2.23
We found 4 important support areas.
- A support zone ranging from 1.89 to 1.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.83 from a horizontal line in the daily time frame.
- Support @1.80 from a horizontal line in the daily time frame.
- Support @1.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.21 to 2.21. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for GEG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEG is up. |
| ChartMill Relative Strength | 82.83 | POSITIVE | GEG has a high relative strength, it outperformed 82.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.46 | OVERBOUGHT | The high RSI value suggests GEG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GEG has a positive trend. |
| Stochastics (14,3) | 91.27 | OVERBOUGHT | The high Stochastics value suggests GEG may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for GEG suggests some volalility. |
| Average Directional Index/ADX (14) | 58.55 | POSITIVE | The high ADX value value for GEG suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 2.22 | 1.97 | 0.25 (11.26%) | 8.88% |
| An entry @2.22. This is a Buy Stop order right above the resistance zone. | An exit @1.97. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.25 points, which is 11.26%. | For a 1.00% total portfolio risk, you can invest 8.88% 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.
2.2
+0.02 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.92%
1 Week1.85%
2 Weeks5.77%
1 Month15.79%
3 Month15.18%
6 Month22.22%
12 Month20.88%
2 Year7.32%
3 Year2.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%4.23%
ATR Inc-4.61%
Range Today0.09
ADR(20)0.09
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.83
Mansfield1.24
10 Day High2.2
10 Day Low1.98
20 Day High2.2
20 Day Low1.9
52 Week High2.2
52 Week Low1.7
CS1 End1.92
CR1 Start2.21
Volume & EV
DER(3)14.31%
DER(5)8.39%
Volume8.10K
Volume Incr-56.5%
Vol(5)8.72K
Vol(50)14.95K