GLOBAL INTERACTIVE TECHNOLOG (GITS) Stock Technical Analysis
NASDAQ:GITS • US4112922046
Taking everything into account, GITS scores 6 out of 10 in our technical rating. In the last year, GITS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- GITS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GITS has a been trading in the 0.73 - 7.09 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- GITS is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. GITS outperforms 85% of them.
- GITS has an average volume of 3124650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GITS did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, GITS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for GITS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.00
When analyzing the support we notice one important area.
- Support @2.02 from a horizontal line in the daily time frame.
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 | 76.34 | POSITIVE | GITS has a high relative strength, it outperformed 76.34% 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) | UP | POSITIVE | The current price of GITS is above the rising 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) | 45.84 | NEUTRAL | The RSI value for GITS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests GITS has a negative trend. |
| Stochastics (14,3) | 6.71 | OVERSOLD | The low Stochastics value suggests GITS may be oversold. |
| Average True Range in percent/ATR (20) | 48.8 | HIGH VOLATILITY | The high ATR as a percentage value for GITS suggests high volalility. |
| Average Directional Index/ADX (14) | 64.92 | POSITIVE | The high ADX value value for GITS suggests a strong trend. |
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 |
|---|---|---|---|
| 3.14 | 2.02 | 1.12 (35.69%) | 2.80% |
| An entry @3.14. This is a Buy Stop order right above the 10 day moving average. | An exit @2.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.12 points, which is 35.69%. | For a 1.00% total portfolio risk, you can invest 2.80% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GITS. Please evaluate whether better entry and exit points can be found.
- 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.
2.07
+0.04 (+1.97%)
GLOBAL INTERACTIVE TECHNOLOG / GITS FAQ
What is the ChartMill technical rating of GLOBAL INTERACTIVE TECHNOLOG (GITS) stock?
ChartMill assigns a technical rating of 6 / 10 to GITS.
What is the trend direction for GITS stock?
The current trend direction for GLOBAL INTERACTIVE TECHNOLOG (GITS) is Bullish.
What is the RSI signal for GLOBAL INTERACTIVE TECHNOLOG (GITS) stock?
GLOBAL INTERACTIVE TECHNOLOG (GITS) has an RSI value of 45.8444. This indicates that the stock is currently neutral.
What are the support and resistance levels for GLOBAL INTERACTIVE TECHNOLOG (GITS) stock?
GLOBAL INTERACTIVE TECHNOLOG (GITS) has a support level at 2.02. Check the full technical report for our detailed analysis of GITS support and resistance levels.