GEVO INC (GEVO) Technical Analysis
NASDAQ:GEVO • US3743964062
Taking everything into account, GEVO scores 9 out of 10 in our technical rating. Although GEVO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- 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.
- When comparing the yearly performance of all stocks, we notice that GEVO is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, GEVO also shows a nice and consistent pattern of rising prices.
- GEVO is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. GEVO outperforms 70% of them.
- In the last month GEVO has a been trading in the 1.76 - 2.39 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- GEVO has an average volume of 3128940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GEVO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GEVO is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GEVO 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
1.43
We found 4 important support areas.
- Support @1.82 from a trend line in the daily time frame.
- Support @1.75 from a trend line in the daily time frame.
- Support @1.55 from a trend line in the weekly time frame.
- Support @1.44 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @2.31 from a horizontal line in the daily time frame.
- Resistance @2.48 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for GEVO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEVO is up. |
| ChartMill Relative Strength | 90.15 | POSITIVE | GEVO has a high relative strength, it outperformed 90.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEVO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.72 | OVERBOUGHT | The high RSI value suggests GEVO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GEVO has a positive trend. |
| Stochastics (14,3) | 81.67 | OVERBOUGHT | The high Stochastics value suggests GEVO may be overbought. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for GEVO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for GEVO suggests a possible start of a new trend. |
GEVO Technicals: Chart, Performance Metrics, Trend & Indicators
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GEVO INC / GEVO FAQ
What is the ChartMill technical rating of GEVO INC (GEVO) stock?
ChartMill assigns a technical rating of 9 / 10 to GEVO.
Can you provide the trend direction for GEVO INC?
The current trend direction for GEVO INC (GEVO) is Bearish.
What is the RSI signal for GEVO stock?
GEVO INC (GEVO) has an RSI value of 70.7197. This indicates that the stock is currently overbought.
What is the MACD signal for GEVO INC (GEVO) stock?
The MACD indicator for GEVO INC (GEVO) has a value of 0.0595042, indicating a bearish trend.
What is the support and resistance level for GEVO stock?
GEVO INC (GEVO) has a support level at 1.82 and a resistance level at 2.31. Check the full technical report for our detailed analysis of GEVO support and resistance levels.