Gores Guggenheim Inc (GGPI) Technical Analysis
NASDAQ:GGPI • US38286Q1076
Current stock price
GGPI Technical Rating and Analysis
Overall GGPI gets a technical rating of 5 out of 10. 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 is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GGPI is lagging the market.
- In the last month GGPI has a been trading in the 8.53 - 11.46 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.
- GGPI has an average volume of 3326120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that GGPI is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GGPI Weekly and Daily overview Charts
GGPI Setup Rating and Analysis
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
GGPI Support and Resistance Analysis
9.88
When analyzing the support we notice one important 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.
GGPI 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 | 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. |
GGPI Chart- and CandleStick Pattern Analysis
GGPI Technicals: Chart, Performance Metrics, Trend & Indicators
11.23
+0.39 (+3.6%)
Gores Guggenheim Inc / GGPI TA FAQ
What is the ChartMill technical rating of Gores Guggenheim Inc (GGPI) stock?
ChartMill assigns a technical rating of 4 / 10 to GGPI.
Can you provide the trend direction for Gores Guggenheim Inc?
The current trend direction for Gores Guggenheim Inc (GGPI) is Bearish.
What is the RSI signal for GGPI stock?
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.
Can you provide the support and resistance levels for Gores Guggenheim Inc?
Gores Guggenheim Inc (GGPI) has a support level at 10.11 and a resistance level at 11.36. Check the full technical report for our detailed analysis of GGPI support and resistance levels.