We assign a technical rating of 1 out of 10 to GMM. GMM'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.
- 94% of all other stocks performed better in the past year than GMM.
- GMM is one of the lesser performing stocks in the Entertainment industry. 73% of 80 stocks in the same industry do better.
- GMM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GMM has a been trading in the 0.94 - 1.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of GMM 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
1.42
3 important resistance areas can be observed.
- A resistance zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.65 from a trend line in the daily time frame.
- Resistance @2.25 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 GMM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GMM is neutral. |
| ChartMill Relative Strength | 6.23 | NEGATIVE | GMM has a low relative strength, it was outperformed by 93.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GMM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GMM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.72 | NEUTRAL | The RSI value for GMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.63 | NEUTRAL | The Stochastics value for GMM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.03 | HIGH VOLATILITY | The high ATR as a percentage value for GMM suggests high volalility. |
| Average Directional Index/ADX (14) | 29.06 | POSITIVE | The high ADX value value for GMM suggests a strong trend. |
1.43
-0.09 (-5.92%)
GLOBAL MOFY AI LTD-A / GMM FAQ
What is the technical rating for GMM stock?
ChartMill assigns a technical rating of 1 / 10 to GMM.
What is the trend direction for GMM stock?
The current trend direction for GLOBAL MOFY AI LTD-A (GMM) is Bearish.
What is the RSI signal for GLOBAL MOFY AI LTD-A (GMM) stock?
GLOBAL MOFY AI LTD-A (GMM) has an RSI value of 49.7213. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL MOFY AI LTD-A (GMM) stock?
The MACD indicator for GLOBAL MOFY AI LTD-A (GMM) has a value of 0.0318175, indicating a bearish trend.