GABELLI MULTIMEDIA TRUST INC (GGT) Stock Technical Analysis
NYSE:GGT - New York Stock Exchange, Inc. - US36239Q1094 - Currency: USD
We assign a technical rating of 2 out of 10 to GGT. 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.
86% of all other stocks performed better in the past year than GGT.
In the last month GGT has a been trading in the 3.75 - 4.27 range, which is quite wide. It is currently trading near the high of this range.
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.
Considerably lower volume is observed in the last couple of days.
The technical rating of GGT 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.
More info and screens
3.85
5.07
When analyzing the support we notice one important area.
- 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.
6 important resistance areas can be observed.
- A resistance zone ranging from 4.27 to 4.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.35 from a trend line in the daily time frame.
- Resistance @4.54 from a trend line in the weekly time frame.
- Resistance @4.64 from a trend line in the daily time frame.
- Resistance @4.84 from a horizontal line in the daily time frame.
- Resistance @5.02 from a horizontal 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 GGT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGT is up. |
| ChartMill Relative Strength | 14.39 | NEGATIVE | GGT has a low relative strength, it was outperformed by 85.61% 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) | 65.95 | NEUTRAL | The RSI value for GGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GGT has a positive trend. |
| Stochastics (14,3) | 99.01 | OVERBOUGHT | The high Stochastics value suggests GGT may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for GGT suggests low volalility. |
| Average Directional Index/ADX (14) | 21.92 | 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)
4.26
+0.04 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week4.67%
2 Weeks9.23%
1 Month4.93%
3 Month-1.39%
6 Month-6.75%
12 Month-18.08%
2 Year-34.46%
3 Year-40.17%
5 Year-38.17%
10 Year-52.61%
15 Year-40.08%
Volatility
ATR(14)0.07
ATR(20)%1.47%
ATR Inc-24.74%
Range Today0.03
ADR(20)0.06
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.39
Mansfield-1.63
10 Day High4.27
10 Day Low3.9
20 Day High4.27
20 Day Low3.75
52 Week High5.2
52 Week Low3.75
CS1 End3.93
CR1 Start4.15
Volume & EV
DER(3)7.58%
DER(5)7.34%
Volume65.50K
Volume Incr-32.86%
Vol(5)136.16K
Vol(50)215.17K