GLOBAL ENGINE GROUP HOLDIN-A (GLE) Stock Technical Analysis
NASDAQ:GLE • VGG397111094
We assign a technical rating of 3 out of 10 to GLE. Recently some decent action could be observed, but in the medium term time frame this is still negative. GLE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, GLE is a bad performer in the overall market: 94% of all stocks are doing better.
- GLE is one of the lesser performing stocks in the IT Services industry. 76% of 87 stocks in the same industry do better.
- GLE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GLE has a been trading in the 0.25 - 0.47 range, which is quite wide. It is currently trading near the high of this range.
- 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.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GLE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
0.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.37 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @0.44 from a horizontal line in the daily time frame.
- Resistance @0.89 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 | 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 | 6.28 | NEGATIVE | GLE has a low relative strength, it was outperformed by 93.72% 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) | 57.52 | NEUTRAL | The RSI value for GLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.7 | NEUTRAL | The Stochastics value for GLE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.86 | HIGH VOLATILITY | The high ATR as a percentage value for GLE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for GLE suggests a possible start of a new trend. |
0.4136
+0 (+0.61%)
GLOBAL ENGINE GROUP HOLDIN-A / GLE FAQ
What is the ChartMill technical rating of GLOBAL ENGINE GROUP HOLDIN-A (GLE) stock?
ChartMill assigns a technical rating of 3 / 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 57.5212. 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 0.00673496, 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 0.41 and a resistance level at 0.43. Check the full technical report for our detailed analysis of GLE support and resistance levels.