GMG Technical Analysis - GRAPHENE MANUFACTURING GROUP

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to GMG. GMG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month GMG has a been trading in the 0.74 - 1.04 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the yearly performance of all stocks, we notice that GMG is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

GMG is part of the Electrical Equipment industry. There are 16 other stocks in this industry, GMG did better than 46% of them.

GMG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GMG is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

GRAPHENE MANUFACTURING GROUP / GMG Weekly stock chart

GRAPHENE MANUFACTURING GROUP / GMG Daily stock chart

Setup Rating and Analysis

The technical rating of GMG 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.57

1.15

We found 3 important support areas.

Support @0.62 from a trend line in the weekly time frame.
Support @0.61 from a trend line in the daily time frame.
Support @0.58 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @1.14 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for GMG.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GMG.CA is down.
ChartMill Relative Strength	71.83	POSITIVE	GMG.CA has a high relative strength, it outperformed 71.83% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GMG.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of GMG.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of GMG.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)	40.31	NEUTRAL	The RSI value for GMG.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests GMG.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	3.75	OVERSOLD	The low Stochastics value suggests GMG.CA may be oversold.
Average True Range in percent/ATR (20)	7.03	HIGH VOLATILITY	The high ATR as a percentage value for GMG.CA suggests high volalility.
Average Directional Index/ADX (14)	19.02	NEGATIVE	The low ADX value for GMG.CA suggests a weak or negative trend.