GITS Technical Analysis - GLOBAL INTERACTIVE TECHNOLOG

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to GITS. In the last year, GITS was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

100% of all other stocks performed better in the past year than GITS.

GITS is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, of which 91% are performing better than GITS.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

In the last month GITS has a been trading in the 2.02 - 2.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLOBAL INTERACTIVE TECHNOLOG / GITS Weekly stock chart

GLOBAL INTERACTIVE TECHNOLOG / GITS Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, GITS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.26, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.73

2.68

When analyzing the support we can see 4 important areas.

A support zone ranging from 2.22 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.08 from a trend line in the weekly time frame.
A support zone ranging from 2.02 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.75 from a trend line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 2.38 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.50 from a horizontal line in the weekly time frame.
Resistance @2.58 from a trend line in the daily time frame.
Resistance @2.65 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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for GITS is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GITS is neutral.
ChartMill Relative Strength	0	NEGATIVE	GITS has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of GITS is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GITS is below a declining SMA(50).
Relative Strength Index/RSI (14)	49.04	NEUTRAL	The RSI value for GITS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests GITS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	47.69	NEUTRAL	The Stochastics value for GITS is a neutral value.
Average True Range in percent/ATR (20)	8	HIGH VOLATILITY	The high ATR as a percentage value for GITS suggests high volalility.
Average Directional Index/ADX (14)	18.49	NEGATIVE	The low ADX value for GITS suggests a weak or negative trend.