Gigcapital2 Inc (GIX) Stock Technical Analysis
USA - NYSE:GIX -
9.38
-1.09 (-10.41%)
9.78
+0.4 (+4.26%)
We assign a technical rating of 1 out of 10 to GIX. GIX'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.
90% of all other stocks performed better in the past year than GIX.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GIX is lagging the market.
In the last month GIX has a been trading in the 8.65 - 10.72 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.
The technical rating of GIX 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.
More info and screens
9.29
10.58
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.79 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.48 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 | NEUTRAL | NEUTRAL | The long term trend for GIX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GIX is neutral. |
| ChartMill Relative Strength | 10.52 | NEGATIVE | GIX has a low relative strength, it was outperformed by 89.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.53 | NEUTRAL | The RSI value for GIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GIX has a negative trend. |
| Stochastics (14,3) | 51.99 | NEUTRAL | The Stochastics value for GIX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for GIX suggests some volalility. |
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)
9.38
-1.09 (-10.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-10.41%
1 Week-5.44%
2 Weeks-6.85%
1 Month-6.67%
3 Month-7.22%
6 Month-11.68%
12 Month-6.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.73%
ATR Inc328.89%
Range Today1.12
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
CRS10.52
Mansfield-2.07
10 Day High10.72
10 Day Low8.65
20 Day High10.72
20 Day Low8.65
52 Week High12.12
52 Week Low8.65
CS1 EndN/A
CR1 Start9.79
Volume & EV
DER(3)1.51%
DER(5)-0.47%
Volume350.80K
Volume Incr90.4%
Vol(5)786.42K
Vol(50)373.57K