GOGORO INC (GGR) Stock Technical Analysis
NASDAQ:GGR - Nasdaq - KYG9491K1058 - Common Stock - Currency: USD
Taking everything into account, GGR scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GGR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GGR is a bad performer in the overall market: 92% of all stocks are doing better.
GGR is one of the lesser performing stocks in the Automobiles industry. 75% of 37 stocks in the same industry do better.
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 0.24 - 0.33 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GGR has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.25
0.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.25 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for GGR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGR is up. |
| ChartMill Relative Strength | 8.16 | NEGATIVE | GGR has a low relative strength, it was outperformed by 91.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGR is above the rising 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) | 70.42 | OVERBOUGHT | The high RSI value suggests GGR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GGR has a positive trend. |
| Stochastics (14,3) | 79.45 | NEUTRAL | The Stochastics value for GGR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GGR suggests some volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for GGR suggests a strong trend. |
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)
0.3173
+0.04 (+16.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg16.23%
1 Week26.92%
2 Weeks26.97%
1 Month29.19%
3 Month31.06%
6 Month-33.34%
12 Month-78.12%
2 Year-90.41%
3 Year-94.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%4.52%
ATR Inc231.9%
Range Today0.05
ADR(20)0.01
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.16
Mansfield-5.01
10 Day High0.33
10 Day Low0.24
20 Day High0.33
20 Day Low0.24
52 Week High1.65
52 Week Low0.19
CS1 End0.25
CR1 Start0.28
Volume & EV
DER(3)8.86%
DER(5)11.8%
Volume741.10K
Volume Incr83.84%
Vol(5)592.37K
Vol(50)414.15K