Taking everything into account, GEOS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GEOS is showing a nice and steady performance.
- 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 GEOS is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, GEOS also shows a nice and consistent pattern of rising prices.
- GEOS is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry. GEOS outperforms 95% of them.
- GEOS 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 GEOS is lagging the market slightly.
- In the last month GEOS has a been trading in the 14.51 - 24.01 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GEOS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.52
2 important support areas can be observed.
- Support @15.04 from a trend line in the weekly time frame.
- Support @12.65 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @23.50 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 | UP | POSITIVE | The long term trend for GEOS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEOS is up. |
| ChartMill Relative Strength | 95.63 | POSITIVE | GEOS has a high relative strength, it outperformed 95.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEOS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GEOS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEOS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.4 | OVERBOUGHT | The high RSI value suggests GEOS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests GEOS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests GEOS may be overbought. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for GEOS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.14 | POSITIVE | The high ADX value value for GEOS suggests a strong trend. |
23.49
+0.53 (+2.31%)
GEOSPACE TECHNOLOGIES CORP / GEOS FAQ
What is the ChartMill technical rating of GEOSPACE TECHNOLOGIES CORP (GEOS) stock?
ChartMill assigns a technical rating of 10 / 10 to GEOS.
Can you provide the trend direction for GEOSPACE TECHNOLOGIES CORP?
The current trend direction for GEOSPACE TECHNOLOGIES CORP (GEOS) is Bullish.
What is the RSI signal for GEOS stock?
GEOSPACE TECHNOLOGIES CORP (GEOS) has an RSI value of 73.4044. This indicates that the stock is currently overbought.
What is the buy/sell signal for GEOSPACE TECHNOLOGIES CORP (GEOS) stock?
The buy/sell signal for GEOSPACE TECHNOLOGIES CORP (GEOS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for GEOSPACE TECHNOLOGIES CORP?
GEOSPACE TECHNOLOGIES CORP (GEOS) has a support level at 15.04 and a resistance level at 23.5. Check the full technical report for our detailed analysis of GEOS support and resistance levels.