GGP INC (GGP) Stock Technical Analysis
NYSE:GGP -
22.06
+0.13 (+0.59%)
22.09
+0.03 (+0.14%)
We assign a technical rating of 8 out of 10 to GGP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GGP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
GGP has an average volume of 15006400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GGP outperforms 63% of them, which is more or less in line with the market.
GGP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GGP is lagging the market.
In the last month GGP has a been trading in a tight range between 21.08 and 22.29.
Volume is considerably higher in the last couple of days.
Although GGP has an excellent technical rating, it does not offer a high quality setup 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
19.87
24.09
2 important support areas can be observed.
- A support zone ranging from 21.09 to 21.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.07 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @22.07 from a horizontal line in the daily time frame.
- Resistance @22.62 from a trend line in the weekly time frame.
- A resistance zone ranging from 23.56 to 23.85. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for GGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGP is up. |
| ChartMill Relative Strength | 63.67 | NEUTRAL | GGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.4 | NEUTRAL | The RSI value for GGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GGP has a positive trend. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests GGP may be overbought. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for GGP suggests low volalility. |
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)
22.06
+0.13 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week1.99%
2 Weeks3.86%
1 Month4.25%
3 Month8.35%
6 Month4.75%
12 Month4.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.13%
ATR Inc82.41%
Range Today0.46
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.67
Mansfield-0.48
10 Day High22.29
10 Day Low21.23
20 Day High22.29
20 Day Low21.08
52 Week High24.23
52 Week Low18.83
CS1 End21.69
CR1 Start22.07
Volume & EV
DER(3)3.16%
DER(5)2.38%
Volume181.08M
Volume Incr523.87%
Vol(5)55.25M
Vol(50)15.01M