GLE Technical Analysis - GLOBAL ENGINE GROUP HOLDIN-A

Technical Rating and Analysis

We assign a technical rating of 0 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

99% 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. 88% of 86 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 0.68 - 2.82 range, which is quite wide. It is currently trading near the lows of this range.

GLE has an average volume of 3955440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLOBAL ENGINE GROUP HOLDIN-A / GLE Weekly stock chart

GLOBAL ENGINE GROUP HOLDIN-A / GLE Daily stock chart

Setup Rating and Analysis

The technical rating of GLE 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.68

0.76

When analyzing the support we can see 2 important areas.

A support zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.69 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The short term trend for GLE is down.
ChartMill Relative Strength	1.08	NEGATIVE	GLE has a low relative strength, it was outperformed by 98.92% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GLE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GLE is below a declining 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)	42.57	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)	15.5	OVERSOLD	The low Stochastics value suggests GLE may be oversold.
Average True Range in percent/ATR (20)	23.63	HIGH VOLATILITY	The high ATR as a percentage value for GLE suggests high volalility.
Average Directional Index/ADX (14)	35.54	POSITIVE	The high ADX value value for GLE suggests a strong trend.