GABELLI MULTIMEDIA TRUST INC (GGT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GGT - US36239Q1094
Taking everything into account, GGT scores 2 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. GGT was also a bad performer in the overall market in the last year.
GGT has a poor technical rating and the quality of the setup is also only medium 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
3.85
We found 2 important support areas.
- A support zone ranging from 4.07 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.89 to 3.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @4.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.28 to 4.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GGT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGT is up. |
| ChartMill Relative Strength | 23.04 | NEGATIVE | GGT has a low relative strength, it was outperformed by 76.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GGT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.13 | NEUTRAL | The RSI value for GGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90 | OVERBOUGHT | The high Stochastics value suggests GGT may be overbought. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for GGT suggests low volalility. |
| Average Directional Index/ADX (14) | 13.67 | NEGATIVE | The low ADX value for GGT suggests a weak or negative trend. |
4.16
+0.03 (+0.73%)
GABELLI MULTIMEDIA TRUST INC / GGT FAQ
What is the ChartMill technical rating of GABELLI MULTIMEDIA TRUST INC (GGT) stock?
ChartMill assigns a technical rating of 2 / 10 to GGT.
Can you provide the trend direction for GABELLI MULTIMEDIA TRUST INC?
The current trend direction for GABELLI MULTIMEDIA TRUST INC (GGT) is Bearish.
What is the RSI signal for GABELLI MULTIMEDIA TRUST INC (GGT) stock?
GABELLI MULTIMEDIA TRUST INC (GGT) has an RSI value of 59.1295. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GABELLI MULTIMEDIA TRUST INC?
The MACD indicator for GABELLI MULTIMEDIA TRUST INC (GGT) has a value of 0.0176165, indicating a bearish trend.
What are the support and resistance levels for GABELLI MULTIMEDIA TRUST INC (GGT) stock?
GABELLI MULTIMEDIA TRUST INC (GGT) has a support level at 4.14 and a resistance level at 4.18. Check the full technical report for our detailed analysis of GGT support and resistance levels.