GOGORO INC (GGR)       4.255  -0.2 (-4.38%)

4.255  -0.2 (-4.38%)

KYG9491K1058 - Common Stock

Technical Rating

1

We assign a technical rating of 1 out of 10 to GGR. GGR performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.



The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, GGR is a bad performer in the overall market: 100% 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 however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month GGR has a been trading in the 4.20 - 5.78 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -13.76% -36.52% 0.00% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 3.92 - 16.47
GGR Weekly chart
GGR Daily chart

Support/Resistance Analysis


4.21

5.50
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 4.31 to 4.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 5.28 to 5.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @5.45 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

3

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.


GGR Daily chart

GOGORO INC4.255

NASDAQ:GGR (9/26/2022, 10:41:51 AM)-0.2 (-4.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -4.38% 1 Week -16.82%
2 Weeks 2.77% 1 Month -13.76%
3 Month -36.52% 6 Month 0%
Volatility
ATR(14) 0.43 ATR(20)% 8.29%
ATR Inc 35.92% Range Today 0.25
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 5.78 10 Day Low 4.4
20 Day High 5.78 20 Day Low 4.2
52 Week High 16.47 52 Week Low 3.92
CS1 End 4.36 CR1 Start 5.28
Volume & EV
DER(3) 3.49% DER(5) 1.39%
Volume 116.06K Volume Incr -5.59%
Vol(5) 471.98K Vol(50) 389.82K

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