GLADSTONE COMMERCIAL CORP (GOOD) Stock Technical Analysis
NASDAQ:GOOD • US3765361080
We assign a technical rating of 6 out of 10 to GOOD. In the last year, GOOD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 71% of all other stocks performed better in the past year than GOOD.
- GOOD is part of the Diversified REITs industry. There are 122 other stocks in this industry, of which 64% are performing better than GOOD.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month GOOD has a been trading in the 11.21 - 12.97 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- GOOD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GOOD is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GOOD has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.28 to 11.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.75 to 12.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GOOD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOOD is up. |
| ChartMill Relative Strength | 29.05 | NEGATIVE | GOOD has a low relative strength, it was outperformed by 70.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOOD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOOD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GOOD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.49 | OVERBOUGHT | The high RSI value suggests GOOD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests GOOD has a positive trend. |
| Stochastics (14,3) | 84.02 | OVERBOUGHT | The high Stochastics value suggests GOOD may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOD suggests some volalility. |
| Average Directional Index/ADX (14) | 25.39 | POSITIVE | The high ADX value value for GOOD suggests a strong trend. |
12.51
-0.23 (-1.81%)
GLADSTONE COMMERCIAL CORP / GOOD FAQ
What is the technical rating for GOOD stock?
ChartMill assigns a technical rating of 6 / 10 to GOOD.
What is the current trend direction of GLADSTONE COMMERCIAL CORP (GOOD) stock?
The current trend direction for GLADSTONE COMMERCIAL CORP (GOOD) is Bearish.
What is the RSI signal for GOOD stock?
GLADSTONE COMMERCIAL CORP (GOOD) has an RSI value of 74.4854. This indicates that the stock is currently overbought.
What is the short term momentum for GOOD stock?
The short term momentum for GLADSTONE COMMERCIAL CORP (GOOD) is positive.
Can you provide the support and resistance levels for GLADSTONE COMMERCIAL CORP?
GLADSTONE COMMERCIAL CORP (GOOD) has a support level at 11.83 and a resistance level at 12.75. Check the full technical report for our detailed analysis of GOOD support and resistance levels.