GROUP NINE ACQUISITION -CL A (GNAC) Technical Analysis
NASDAQ:GNAC • US39947R1041
Current stock price
GNAC Technical Rating and Analysis
Overall GNAC gets a technical rating of 7 out of 10. In the last year, GNAC was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, GNAC did better than 73% of all other stocks. On top of that, GNAC also shows a nice and consistent pattern of rising prices.
- GNAC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GNAC is performing more or less in line with the market.
- In the last month GNAC has a been trading in a tight range between 9.97 and 10.10.
- Considerably lower volume is observed in the last couple of days.
GNAC Weekly and Daily overview Charts
GNAC Setup Rating and Analysis
Although GNAC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GNAC Support and Resistance Analysis
9.54
We found 1 important support area.
- A support zone ranging from 9.64 to 9.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.98 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GNAC 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 | UP | POSITIVE | The long term trend for GNAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GNAC is neutral. |
| ChartMill Relative Strength | 73.68 | POSITIVE | GNAC has a high relative strength, it outperformed 73.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GNAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GNAC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GNAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.48 | NEUTRAL | The RSI value for GNAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GNAC has a negative trend. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for GNAC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for GNAC suggests low volalility. |
| Average Directional Index/ADX (14) | 36.01 | POSITIVE | The high ADX value value for GNAC suggests a strong trend. |
GNAC Chart- and CandleStick Pattern Analysis
GNAC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:GNAC (12/21/2022, 8:00:00 PM)
9.97
-0.13 (-1.29%)
GROUP NINE ACQUISITION -CL A / GNAC TA FAQ
What is the technical rating for GNAC stock?
ChartMill assigns a technical rating of 7 / 10 to GNAC.
What is the trend direction for GNAC stock?
The current trend direction for GROUP NINE ACQUISITION -CL A (GNAC) is Bullish.
Can you provide the RSI signal for GROUP NINE ACQUISITION -CL A?
GROUP NINE ACQUISITION -CL A (GNAC) has an RSI value of 35.4788. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GROUP NINE ACQUISITION -CL A?
The MACD indicator for GROUP NINE ACQUISITION -CL A (GNAC) has a value of -0.00990036, indicating a bearish trend.
What are the support and resistance levels for GROUP NINE ACQUISITION -CL A (GNAC) stock?
GROUP NINE ACQUISITION -CL A (GNAC) has a support level at 9.79 and a resistance level at 9.98. Check the full technical report for our detailed analysis of GNAC support and resistance levels.