GIGCAPITAL7 CORP-A - 29 (GIGGW) Stock Technical Analysis
USA - NASDAQ:GIGGW -
0.5956 USD
-0.01 (-1.55%)
0.5951 USD
0 (-0.08%)
We assign a technical rating of 8 out of 10 to GIGGW. In the last year, GIGGW was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GIGGW has a been trading in the 0.56 - 1.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, GIGGW did better than 99% of all other stocks. On top of that, GIGGW also shows a nice and consistent pattern of rising prices.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
GIGGW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GIGGW is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although GIGGW has an excellent technical rating, it 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
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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 | UP | POSITIVE | The long term trend for GIGGW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GIGGW is down. |
| ChartMill Relative Strength | 99.72 | POSITIVE | GIGGW has a high relative strength, it outperformed 99.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIGGW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GIGGW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GIGGW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.42 | NEUTRAL | The RSI value for GIGGW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GIGGW has a negative trend. |
| Stochastics (14,3) | 3.95 | OVERSOLD | The low Stochastics value suggests GIGGW may be oversold. |
| Average True Range in percent/ATR (20) | 25.81 | HIGH VOLATILITY | The high ATR as a percentage value for GIGGW suggests high volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for GIGGW 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)
0.5956
-0.01 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.55%
1 Week-24.61%
2 Weeks-37.3%
1 Month-54.18%
3 Month241.71%
6 Month694.13%
12 Month892.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%25.81%
ATR Inc22.1%
Range Today0.17
ADR(20)0.15
ADR(20)%24.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.72
3 months CRS99.58
6 months CRS99.77
Mansfield16.92
10 Day High0.93
10 Day Low0.56
20 Day High1.4
20 Day Low0.56
52 Week High1.98
52 Week Low0.06
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-15.05%
DER(5)-19.89%
Volume127.20K
Volume Incr-68.52%
Vol(5)161.88K
Vol(50)529.92K
GIGCAPITAL7 CORP-A - 29 / GIGGW FAQ
What is the technical rating for GIGGW stock?
ChartMill assigns a technical rating of 8 / 10 to GIGGW.
What is the current trend direction of GIGCAPITAL7 CORP-A - 29 (GIGGW) stock?
The current trend direction for GIGCAPITAL7 CORP-A - 29 (GIGGW) is Bullish.
What is the RSI signal for GIGCAPITAL7 CORP-A - 29 (GIGGW) stock?
GIGCAPITAL7 CORP-A - 29 (GIGGW) has an RSI value of 40.4163. This indicates that the stock is currently neutral.
What is the short term momentum for GIGGW stock?
The short term momentum for GIGCAPITAL7 CORP-A - 29 (GIGGW) is negative.