GENESIS GROWTH TECH ACQUIS-A (GGAA) Technical Analysis
NASDAQ:GGAA • KYG3R23D1021
Current stock price
GGAA Technical Rating and Analysis
Taking everything into account, GGAA scores 8 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, GGAA is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- A new 52 week high is currently being made by GGAA, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so GGAA is leading the market.
- In the last month GGAA has a been trading in the 11.40 - 49.00 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.
- When comparing the yearly performance of all stocks, we notice that GGAA is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GGAA Weekly and Daily overview Charts
GGAA Setup Rating and Analysis
Although GGAA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GGAA Support and Resistance Analysis
10.27
We found 2 important support areas.
- Support @11.85 from a trend line in the daily time frame.
- Support @10.37 from a horizontal line in the daily time frame.
GGAA Technical Indicator Signal Analysis
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 GGAA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GGAA is neutral. |
| ChartMill Relative Strength | 98.48 | POSITIVE | GGAA has a high relative strength, it outperformed 98.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGAA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGAA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 88.36 | OVERBOUGHT | The high RSI value suggests GGAA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests GGAA has a positive trend. |
| Stochastics (14,3) | 18.37 | OVERSOLD | The low Stochastics value suggests GGAA may be oversold. |
| Average True Range in percent/ATR (20) | 11.97 | HIGH VOLATILITY | The high ATR as a percentage value for GGAA suggests high volalility. |
| Average Directional Index/ADX (14) | 77.75 | POSITIVE | The high ADX value value for GGAA suggests a strong trend. |
GGAA Chart- and CandleStick Pattern Analysis
GGAA Technicals: Chart, Performance Metrics, Trend & Indicators
21.57
+9.67 (+81.26%)
GENESIS GROWTH TECH ACQUIS-A / GGAA TA FAQ
What is the technical rating for GGAA stock?
ChartMill assigns a technical rating of 7 / 10 to GGAA.
What is the trend direction for GGAA stock?
The current trend direction for GENESIS GROWTH TECH ACQUIS-A (GGAA) is Bullish.
What is the RSI signal for GENESIS GROWTH TECH ACQUIS-A (GGAA) stock?
GENESIS GROWTH TECH ACQUIS-A (GGAA) has an RSI value of 88.3641. This indicates that the stock is currently overbought.
Can you provide the support and resistance levels for GENESIS GROWTH TECH ACQUIS-A?
GENESIS GROWTH TECH ACQUIS-A (GGAA) has a support level at 11.85. Check the full technical report for our detailed analysis of GGAA support and resistance levels.