GLADSTONE COMMERCIAL CORP (GOOD) Stock Technical Analysis
NASDAQ:GOOD - Nasdaq - US3765361080 - REIT - Currency: USD
Taking everything into account, GOOD scores 3 out of 10 in our technical rating. In the past year, GOOD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
GOOD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GOOD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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13.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.14 to 14.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.71 to 13.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.42 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.63 to 15.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.24 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 GOOD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOOD is up. |
| ChartMill Relative Strength | 39.22 | NEUTRAL | GOOD is not amongst the best or worst performers 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 | NEGATIVE | The current price of GOOD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for GOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GOOD has a positive trend. |
| Stochastics (14,3) | 70.49 | NEUTRAL | The Stochastics value for GOOD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for GOOD suggests low volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for GOOD suggests a weak or negative trend. |
14.62
+0.04 (+0.27%)