GMM Technical Analysis - GLOBAL MOFY AI LTD-A

Technical Rating and Analysis

Taking everything into account, GMM scores 0 out of 10 in our technical rating. GMM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

When comparing the yearly performance of all stocks, GMM is a bad performer in the overall market: 98% of all stocks are doing better.

GMM is one of the lesser performing stocks in the Entertainment industry. 83% of 80 stocks in the same industry do better.

GMM 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 GMM has a been trading in the 1.85 - 3.23 range, which is quite wide. It is currently trading near the lows of this range.

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 MOFY AI LTD-A / GMM Weekly stock chart

GLOBAL MOFY AI LTD-A / GMM Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, GMM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.22. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.87

2.96

3 important resistance areas can be observed.

A resistance zone ranging from 2.22 to 2.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @2.51 from a trend line in the daily time frame.
Resistance @2.93 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 GMM is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GMM is down.
ChartMill Relative Strength	2.05	NEGATIVE	GMM has a low relative strength, it was outperformed by 97.95% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GMM is below a declining 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)	38	NEUTRAL	The RSI value for GMM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests GMM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	11.3	OVERSOLD	The low Stochastics value suggests GMM may be oversold.
Average True Range in percent/ATR (20)	11.11	HIGH VOLATILITY	The high ATR as a percentage value for GMM suggests high volalility.
Average Directional Index/ADX (14)	30.63	POSITIVE	The high ADX value value for GMM suggests a strong trend.