Glu Mobile Inc (GLUU) Stock Technical Analysis
NASDAQ:GLUU - Nasdaq -
Taking everything into account, GLUU scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLUU is showing a nice and steady performance.
Besides having an excellent technical rating, GLUU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 12.49, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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8.74
When analyzing the support we can see 4 important areas.
- A support zone ranging from 12.41 to 12.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.85 from a trend line in the daily time frame.
- Support @10.46 from a trend line in the weekly time frame.
- Support @8.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.80 to 12.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GLUU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLUU is up. |
| ChartMill Relative Strength | 76.57 | POSITIVE | GLUU has a high relative strength, it outperformed 76.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLUU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GLUU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLUU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.05 | NEUTRAL | The RSI value for GLUU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLUU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.93 | OVERBOUGHT | The high Stochastics value suggests GLUU may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for GLUU suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.51 | 12.45 | 0.06 (0.48%) | 25.00% |
| An entry @12.51. This is a Buy Stop order right above the 10 day high. | An exit @12.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.5
+0.01 (+0.08%)