GABELLI MULTIMEDIA TRUST INC (GGT) Stock Technical Analysis
NYSE:GGT - New York Stock Exchange, Inc. - US36239Q1094 - Currency: USD
Overall GGT gets a technical rating of 2 out of 10. In the past year, GGT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, GGT is a bad performer in the overall market: 86% of all stocks are doing better.
GGT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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.
GGT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GGT is lagging the market.
GGT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.27, a Stop Loss order could be placed below this zone.
More info and screens
3.85
4.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.24 to 4.27. 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.
We can see 4 important resistance areas.
- Resistance @4.29 from a trend line in the daily time frame.
- Resistance @4.47 from a trend line in the weekly time frame.
- Resistance @4.60 from a trend line in the daily time frame.
- A resistance zone ranging from 4.84 to 4.91. 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 | 14.92 | NEGATIVE | GGT has a low relative strength, it was outperformed by 85.08% 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) | 60.1 | NEUTRAL | The RSI value for GGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.77 | NEUTRAL | The Stochastics value for GGT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for GGT suggests low volalility. |
| Average Directional Index/ADX (14) | 21.36 | NEUTRAL | The ADX value for GGT suggests a possible start of a new 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)
4.28
+0.01 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.23%
1 Week1.66%
2 Weeks-0.47%
1 Month5.42%
3 Month-8.74%
6 Month-11.48%
12 Month-13.36%
2 Year-34.15%
3 Year-39.89%
5 Year-37.88%
10 Year-52.39%
15 Year-39.8%
Volatility
ATR(14)0.06
ATR(20)%1.28%
ATR Inc-10.06%
Range Today0.03
ADR(20)0.05
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.92
Mansfield-1.57
10 Day High4.34
10 Day Low4.18
20 Day High4.35
20 Day Low4.05
52 Week High5.15
52 Week Low3.75
CS1 End4.27
CR1 Start4.29
Volume & EV
DER(3)-10.22%
DER(5)-5.97%
Volume193.00K
Volume Incr35.35%
Vol(5)173.66K
Vol(50)212.32K