GLOBAL ENGINE GROUP HOLDIN-A (GLE) Technical Analysis
NASDAQ:GLE • VGG397111094
Current stock price
GLE Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to GLE. GLE'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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 92% of all other stocks performed better in the past year than GLE.
- GLE is one of the lesser performing stocks in the IT Services industry. 65% of 88 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month GLE has a been trading in the 0.28 - 0.47 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 bad, GLE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.39, 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
0.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.39 to 0.39. 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 weekly time frame.
- Support @0.36 from a horizontal line in the daily time frame.
- Support @0.34 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- 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 | NEUTRAL | NEUTRAL | The short term trend for GLE is neutral. |
| ChartMill Relative Strength | 8.3 | NEGATIVE | GLE has a low relative strength, it was outperformed by 91.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLE is above a declining 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) | 54.31 | 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. |
| Stochastics (14,3) | 74.47 | NEUTRAL | The Stochastics value for GLE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.23 | HIGH VOLATILITY | The high ATR as a percentage value for GLE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.27 | 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
0.416
+0.02 (+4.76%)
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 1 / 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.
Can you provide the RSI signal for GLOBAL ENGINE GROUP HOLDIN-A?
GLOBAL ENGINE GROUP HOLDIN-A (GLE) has an RSI value of 54.3068. This indicates that the stock is currently neutral.
What is the support and resistance level for GLE stock?
GLOBAL ENGINE GROUP HOLDIN-A (GLE) has a support level at 0.39 and a resistance level at 0.44. Check the full technical report for our detailed analysis of GLE support and resistance levels.