We assign a technical rating of 6 out of 10 to GGGV. Although GGGV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
GGGV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.13, a Stop Loss order could be placed below this zone. 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
9.77
When analyzing the support we notice one important area.
- A support zone ranging from 9.87 to 10.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.14 to 10.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 GGGV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGGV is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GGGV has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGGV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGGV is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 51.46 | NEUTRAL | The RSI value for GGGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GGGV has a negative trend. |
| Stochastics (14,3) | 51.26 | NEUTRAL | The Stochastics value for GGGV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for GGGV suggests low volalility. |
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 |
|---|---|---|---|
| 10.15 | 10.12 | 0.03 (0.31%) | 25.00% |
| An entry @10.15. This is a Buy Stop order right above the 10 day moving average. | An exit @10.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 0.31%. | For a 0.08% total portfolio risk, you can invest 25.00% 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.
NASDAQ:GGGV (7/6/2022, 8:00:02 PM)
10.13
0 (0%)
G3 VRM Acquisition Corporatin / GGGV FAQ
Can you provide the ChartMill technical rating for G3 VRM Acquisition Corporatin?
ChartMill assigns a technical rating of 6 / 10 to GGGV.
What is the trend direction for GGGV stock?
The current trend direction for G3 VRM Acquisition Corporatin (GGGV) is Bullish.
Can you provide the RSI signal for G3 VRM Acquisition Corporatin?
G3 VRM Acquisition Corporatin (GGGV) has an RSI value of 51.4606. This indicates that the stock is currently neutral.
What is the MACD signal for G3 VRM Acquisition Corporatin (GGGV) stock?
The MACD indicator for G3 VRM Acquisition Corporatin (GGGV) has a value of -0.00262048, indicating a bearish trend.
Can you provide the short term momentum for G3 VRM Acquisition Corporatin?
The short term momentum for G3 VRM Acquisition Corporatin (GGGV) is positive.