Gores Guggenheim Inc (GGPI) Stock Technical Analysis
USA - NASDAQ:GGPI - US38286Q1076 - Common Stock
Taking everything into account, GGPI scores 5 out of 10 in our technical rating. In the last year, GGPI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
GGPI has an average technical rating and it also 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
9.88
We found 1 important support area.
- A support zone ranging from 9.98 to 10.11. 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 3 important areas.
- A resistance zone ranging from 11.36 to 11.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.00 from a trend line in the daily time frame.
- A resistance zone ranging from 12.22 to 12.23. 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 | NEUTRAL | NEUTRAL | The long term trend for GGPI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GGPI is neutral. |
| ChartMill Relative Strength | 93.15 | POSITIVE | GGPI has a high relative strength, it outperformed 93.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GGPI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.98 | NEUTRAL | The RSI value for GGPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests GGPI has a positive trend. |
| Stochastics (14,3) | 70.19 | NEUTRAL | The Stochastics value for GGPI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for GGPI suggests some volalility. |
11.23
+0.39 (+3.6%)
Gores Guggenheim Inc / GGPI FAQ
What is the ChartMill technical rating of Gores Guggenheim Inc (GGPI) stock?
ChartMill assigns a technical rating of 4 / 10 to GGPI.
What is the trend direction for GGPI stock?
The current trend direction for Gores Guggenheim Inc (GGPI) is Bearish.
Can you provide the RSI signal for Gores Guggenheim Inc?
Gores Guggenheim Inc (GGPI) has an RSI value of 62.9772. This indicates that the stock is currently neutral.
What is the MACD signal for GGPI stock?
The MACD indicator for Gores Guggenheim Inc (GGPI) has a value of 0.141745, indicating a bearish trend.