GILAT SATELLITE NETWORKS LTD (GILT) Stock Technical Analysis
NASDAQ:GILT - Nasdaq - IL0010825102 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GILT. In the past year, GILT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that GILT is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by GILT over the past year are nicely spread over this period.
In the last month GILT has a been trading in the 5.43 - 6.52 range, which is quite wide. It is currently trading near the high of this range.
GILT is an average performer in the Communications Equipment industry, it outperforms 65% of 50 stocks in the same industry.
GILT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GILT is lagging the market slightly.
Volume is considerably higher in the last couple of days.
GILT has an excellent technical rating and also presents 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 6.69. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.42
6.77
2 important support areas can be observed.
- A support zone ranging from 6.18 to 6.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.47 to 5.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.69 to 6.70. 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 | NEUTRAL | NEUTRAL | The long term trend for GILT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GILT is up. |
| ChartMill Relative Strength | 85.59 | POSITIVE | GILT has a high relative strength, it outperformed 85.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GILT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GILT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GILT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for GILT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GILT has a positive trend. |
| Stochastics (14,3) | 82.7 | OVERBOUGHT | The high Stochastics value suggests GILT may be overbought. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for GILT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.63 | NEGATIVE | The low ADX value for GILT suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.71 | 6.17 | 0.54 (8.05%) | 12.43% |
| An entry @6.71. This is a Buy Stop order right above the resistance zone. | An exit @6.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.54 points, which is 8.05%. | For a 1.00% total portfolio risk, you can invest 12.43% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.49
+0.25 (+4.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg4.01%
1 Week3.02%
2 Weeks10.75%
1 Month10.75%
3 Month-1.67%
6 Month10.75%
12 Month41.09%
2 Year4.17%
3 Year7.45%
5 Year1.88%
10 Year16.1%
15 Year41.09%
Volatility
ATR(14)0.26
ATR(20)%3.99%
ATR Inc-13.6%
Range Today0.21
ADR(20)0.21
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.59
Mansfield0.97
10 Day High6.52
10 Day Low5.87
20 Day High6.52
20 Day Low5.43
52 Week High8.05
52 Week Low4.04
CS1 End6.24
CR1 Start6.69
Volume & EV
DER(3)0.92%
DER(5)1.72%
Volume838.40K
Volume Incr0.7%
Vol(5)503.28K
Vol(50)350.17K