GLOBAL ENGINE GROUP HOLDIN-A (GLE) Technical Analysis
NASDAQ:GLE • VGG397111094
Current stock price
GLE Technical Rating and Analysis
Taking everything into account, GLE scores 4 out of 10 in our technical rating. In the past year, GLE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 93% of all other stocks performed better in the past year than GLE.
- GLE is part of the IT Services industry. There are 88 other stocks in this industry, of which 70% are performing better than GLE.
- GLE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GLE is lagging the market.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month GLE has a been trading in the 0.38 - 0.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLE Weekly and Daily overview Charts
GLE Setup Rating and Analysis
Although the technical rating is only medium, GLE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLE 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.
More info and screens
GLE Support and Resistance Analysis
0.38
We found 1 important support area.
- A support zone ranging from 0.38 to 0.38. 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 @0.43 from a trend line in the daily time frame.
- A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.45 from a horizontal line in the daily time frame.
GLE 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 | DOWN | NEGATIVE | The long term trend for GLE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLE is up. |
| ChartMill Relative Strength | 7.18 | NEGATIVE | GLE has a low relative strength, it was outperformed by 92.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.82 | NEUTRAL | The RSI value for GLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.2 | NEUTRAL | The Stochastics value for GLE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.55 | HIGH VOLATILITY | The high ATR as a percentage value for GLE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.68 | NEGATIVE | The low ADX value for GLE suggests a weak or negative trend. |
GLE Chart- and CandleStick Pattern Analysis
GLE Technicals: Chart, Performance Metrics, Trend & Indicators
0.43
0 (0%)
GLOBAL ENGINE GROUP HOLDIN-A / GLE TA FAQ
What is the ChartMill technical rating of GLOBAL ENGINE GROUP HOLDIN-A (GLE) stock?
ChartMill assigns a technical rating of 4 / 10 to GLE.
Can you provide the trend direction for GLOBAL ENGINE GROUP HOLDIN-A?
The current trend direction for GLOBAL ENGINE GROUP HOLDIN-A (GLE) is Bearish.
What is the RSI signal for GLOBAL ENGINE GROUP HOLDIN-A (GLE) stock?
GLOBAL ENGINE GROUP HOLDIN-A (GLE) has an RSI value of 56.8164. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL ENGINE GROUP HOLDIN-A (GLE) stock?
The MACD indicator for GLOBAL ENGINE GROUP HOLDIN-A (GLE) has a value of 0.00185048, indicating a bearish trend.
What are the support and resistance levels for GLOBAL ENGINE GROUP HOLDIN-A (GLE) stock?
GLOBAL ENGINE GROUP HOLDIN-A (GLE) has a support level at 0.38 and a resistance level at 0.43. Check the full technical report for our detailed analysis of GLE support and resistance levels.