GITS Technical Analysis - GLOBAL INTERACTIVE TECHNOLOG

Technical Rating and Analysis

Taking everything into account, GITS scores 1 out of 10 in our technical rating. GITS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

GITS is one of the lesser performing stocks in the Interactive Media & Services industry. 89% of 70 stocks in the same industry do better.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

In the last month GITS has a been trading in the 1.51 - 2.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher 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

The technical rating of GITS 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.16

2.53

When analyzing the support we notice one important area.

A support zone ranging from 2.18 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 3 important resistance areas.

Resistance @2.35 from a horizontal line in the daily time frame.
Resistance @2.46 from a trend line in the daily time frame.
Resistance @2.50 from a horizontal line in the weekly 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	NEUTRAL	NEUTRAL	The long term trend for GITS is neutral.
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)	DOWN	NEGATIVE	The current price of GITS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GITS is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GITS is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.11	NEUTRAL	The RSI value for GITS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests GITS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	58.49	NEUTRAL	The Stochastics value for GITS is a neutral value.
Average True Range in percent/ATR (20)	8.77	HIGH VOLATILITY	The high ATR as a percentage value for GITS suggests high volalility.
Average Directional Index/ADX (14)	15.38	NEGATIVE	The low ADX value for GITS suggests a weak or negative trend.