GNSS Technical Analysis - GENASYS INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to GNSS. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GNSS is a bad performer.

79% of all other stocks performed better in the past year than GNSS.

GNSS is one of the lesser performing stocks in the Communications Equipment industry. 78% of 48 stocks in the same industry do better.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

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

In the last month GNSS has a been trading in the 1.84 - 2.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

Setup Rating and Analysis

GNSS has an average technical rating and it also does not offer a high 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

1.53

2.59

When analyzing the support we can see 4 important areas.

A support zone ranging from 2.23 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.74 from a trend line in the weekly time frame.
Support @1.62 from a trend line in the daily time frame.
Support @1.55 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @2.51 from a horizontal line in the weekly time frame.
Resistance @2.56 from a trend line in the daily 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	UP	POSITIVE	The long term trend for GNSS is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GNSS is neutral.
ChartMill Relative Strength	21.67	NEGATIVE	GNSS has a low relative strength, it was outperformed by 78.33% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GNSS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GNSS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of GNSS is above a declining SMA(200).
Relative Strength Index/RSI (14)	51.02	NEUTRAL	The RSI value for GNSS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests GNSS has a negative trend.
Stochastics (14,3)	55.9	NEUTRAL	The Stochastics value for GNSS is a neutral value.
Average True Range in percent/ATR (20)	5.98	HIGH VOLATILITY	The high ATR as a percentage value for GNSS suggests high volalility.
Average Directional Index/ADX (14)	51.48	POSITIVE	The high ADX value value for GNSS suggests a strong trend.