GABELLI MULTIMEDIA TRUST INC (GGT) Stock Technical Analysis
USA - NYSE:GGT - US36239Q1094
We assign a technical rating of 0 out of 10 to GGT. GGT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GGT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GGT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.86
2 important support areas can be observed.
- A support zone ranging from 4.02 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.90 to 3.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.14 to 4.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.31 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 | DOWN | NEGATIVE | The short term trend for GGT is down. |
| ChartMill Relative Strength | 22.1 | NEGATIVE | GGT has a low relative strength, it was outperformed by 77.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GGT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GGT is below 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) | 44.11 | NEUTRAL | The RSI value for GGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.09 | NEUTRAL | The Stochastics value for GGT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for GGT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.16 | NEGATIVE | The low ADX value for GGT suggests a weak or negative trend. |
4.045
0 (-0.12%)
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 0 / 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 44.1116. 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 0.011646, 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 4.04 and a resistance level at 4.14. Check the full technical report for our detailed analysis of GGT support and resistance levels.