GOGORO INC (GGR)
KYG9491K1058 - Common Stock
Taking everything into account, GGR scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GGR is a bad performer in the overall market: 85% of all stocks are doing better.
GGR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GGR is lagging the market.
GGR is an average performer in the Automobiles industry, it outperforms 51% of 38 stocks in the same industry.
In the last month GGR has a been trading in the 2.45 - 3.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.79
Mansfield-2.75
10 Day High2.79
10 Day Low2.45
20 Day High3.09
20 Day Low2.45
52 Week High5.09
52 Week Low2.45
Performance
1 Week6.48%
2 Weeks-3.66%
1 Month-12.33%
3 Month-23.77%
6 Month-35.06%
12 Month-30.24%
GGR has a poor technical rating and the quality of the setup is also not perfect 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
2.60
3.43
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 2.64 to 2.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.76 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.84 from a trend line in the daily time frame.
- A resistance zone ranging from 2.94 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.33 from a horizontal line in the daily time frame.
- Resistance @3.40 from a horizontal line in the daily time frame.
GOGORO INC
NASDAQ:GGR (9/28/2023, 7:00:00 PM)
After market: 2.6103 -0.02 (-0.75%)2.63
-0.02 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-0.75%
1 Week6.48%
2 Weeks-3.66%
1 Month-12.33%
3 Month-23.77%
6 Month-35.06%
12 Month-30.24%
Volatility
ATR(14)0.11
ATR(20)%4.02%
ATR Inc-6.3%
Range Today0.1
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.79
Mansfield-2.75
10 Day High2.79
10 Day Low2.45
20 Day High3.09
20 Day Low2.45
52 Week High5.09
52 Week Low2.45
CS1 EndN/A
CR1 Start2.64
Volume & EV
DER(3)-3.43%
DER(5)-3.3%
Volume291.40K
Volume Incr-24.9%
Vol(5)167.20K
Vol(50)207.07K