Logo image of GIK

Gigcapital3 Inc (GIK) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:GIK -

7.82
-0.12 (-1.51%)
Last: 5/6/2021, 8:16:47 PM
8.16
+0.34 (+4.35%)
After Hours: 5/6/2021, 8:16:47 PM
Technical Rating and Analysis

0

Taking everything into account, GIK scores 0 out of 10 in our technical rating. GIK'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GIK is a bad performer in the overall market: 100% of all stocks are doing better.
GIK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month GIK has a been trading in the 7.55 - 10.32 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.
GIK has an average volume of 1224590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
Gigcapital3 Inc / GIK Weekly stock chart
Gigcapital3 Inc / GIK Daily stock chart
Setup Rating and Analysis

3

The technical rating of GIK 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.

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Support and Resistance Analysis

7.74

9.95

2 important resistance areas can be observed.

  • A resistance zone ranging from 8.96 to 9.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Strong resistance @9.85 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for GIK is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for GIK is down.
ChartMill Relative Strength0NEGATIVEGIK has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of GIK is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of GIK is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of GIK is below a declining SMA(200).
Relative Strength Index/RSI (14)33.85NEUTRALThe RSI value for GIK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.04NEGATIVEThe MACD value suggests GIK has a negative trend.
Stochastics (14,3)17.49OVERSOLDThe low Stochastics value suggests GIK may be oversold.
Average True Range in percent/ATR (20)7.64HIGH VOLATILITYThe high ATR as a percentage value for GIK suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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Gigcapital3 Inc / GIK Daily stock chart

Gigcapital3 Inc

NYSE:GIK (5/6/2021, 8:16:47 PM)

After market: 8.16 +0.34 (+4.35%)

7.82

-0.12 (-1.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.51%
1 Week-11.84%
2 Weeks-10.42%
1 Month-24.22%
3 Month-47.9%
6 Month-21.72%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%7.64%
ATR Inc-47.97%
Range Today0.42
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
CRS0
3 months CRSN/A
6 months CRSN/A
Mansfield-30
10 Day High10.1
10 Day Low7.58
20 Day High10.32
20 Day Low7.56
52 Week High17.36
52 Week Low7.56
CS1 EndN/A
CR1 Start8.96
Volume & EV
DER(3)-6.37%
DER(5)-7.16%
Volume378.20K
Volume Incr-64.88%
Vol(5)347.56K
Vol(50)1.22M

Gigcapital3 Inc / GIK FAQ

What is the technical rating for GIK stock?

ChartMill assigns a technical rating of 0 / 10 to GIK.


What is the trend direction for GIK stock?

The current trend direction for Gigcapital3 Inc (GIK) is Bearish.


What is the RSI signal for Gigcapital3 Inc (GIK) stock?

Gigcapital3 Inc (GIK) has an RSI value of 33.8465. This indicates that the stock is currently neutral.


What is the MACD signal for Gigcapital3 Inc (GIK) stock?

The MACD indicator for Gigcapital3 Inc (GIK) has a value of -0.0408799, indicating a bearish trend.


What is the support and resistance level for GIK stock?

Gigcapital3 Inc (GIK) has a resistance level at 8.96. Check the full technical report for our detailed analysis of GIK support and resistance levels.