GGR Technical Analysis - GOGORO INC

Technical Rating and Analysis

Overall GGR gets a technical rating of 0 out of 10. GGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

97% of all other stocks performed better in the past year than GGR.

GGR is part of the Automobiles industry. There are 37 other stocks in this industry, of which 66% are performing better than GGR.

GGR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month GGR has a been trading in the 4.26 - 7.50 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of GGR is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.57

7.75

When analyzing the resistance we notice 5 important areas.

Resistance @4.91 from a trend line in the daily time frame.
Resistance @7.01 from a trend line in the weekly time frame.
Resistance @7.14 from a trend line in the daily time frame.
Resistance @7.50 from a horizontal line in the daily time frame.
Resistance @7.67 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for GGR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GGR is down.
ChartMill Relative Strength	3.58	NEGATIVE	GGR has a low relative strength, it was outperformed by 96.42% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GGR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GGR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GGR is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.67	OVERSOLD	The low RSI value suggests GGR may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests GGR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.41	OVERSOLD	The low Stochastics value suggests GGR may be oversold.
Average True Range in percent/ATR (20)	9.54	HIGH VOLATILITY	The high ATR as a percentage value for GGR suggests high volalility.
Average Directional Index/ADX (14)	24.55	NEUTRAL	The ADX value for GGR suggests a possible start of a new trend.