SOFI GIG ECONOMY ETF (GIGE) Stock Technical Analysis
USA - NASDAQ:GIGE - US8863645045 - ETF
17.39 USD
+0.34 (+1.99%)
We assign a technical rating of 4 out of 10 to GIGE. Recently some decent action could be observed, but in the medium term time frame this is still negative. GIGE was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than GIGE.
GIGE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: GIGE has an average volume of 3864 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month GIGE has a been trading in the 14.30 - 17.65 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GIGE has an average technical rating and it also does not offer a high 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
14.11
27.24
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.55 to 15.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.24 from a trend line in the daily time frame.
- A support zone ranging from 14.59 to 14.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.40 to 17.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.97 from a trend line in the weekly 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 GIGE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIGE is up. |
| ChartMill Relative Strength | 20.98 | NEGATIVE | GIGE has a low relative strength, it was outperformed by 79.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GIGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIGE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.28 | NEUTRAL | The RSI value for GIGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests GIGE has a positive trend. |
| Stochastics (14,3) | 91.68 | OVERBOUGHT | The high Stochastics value suggests GIGE may be overbought. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for GIGE suggests some volalility. |
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)
NASDAQ:GIGE (8/8/2022, 8:00:01 PM)
17.39
+0.34 (+1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.99%
1 Week11.47%
2 Weeks11.4%
1 Month16.34%
3 Month12.05%
6 Month-26.87%
12 Month-50.58%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%2.92%
ATR Inc-1.43%
Range Today0.41
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.98
Mansfield-2.58
10 Day High17.65
10 Day Low14.78
20 Day High17.65
20 Day Low14.3
52 Week High37.98
52 Week Low13.09
CS1 End15.74
CR1 Start17.4
Volume & EV
DER(3)16.37%
DER(5)19.9%
Volume7.10K
Volume Incr68.86%
Vol(5)4.88K
Vol(50)3.86K