GOODO Technical Analysis - GLADSTONE COMMER - GOOD 6 PERP

Technical Rating and Analysis

Taking everything into account, GOODO scores 0 out of 10 in our technical rating. GOODO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, GOODO is a bad performer in the overall market: 74% of all stocks are doing better.

Warning: GOODO has an average volume of 4806 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

GOODO is part of the Diversified REITs industry. There are 130 other stocks in this industry, GOODO did better than 57% of them.

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

In the last month GOODO has a been trading in a tight range between 19.83 and 20.72.

Volume is considerably higher 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

GLADSTONE COMMER - GOOD 6 PERP / GOODO Weekly stock chart

GLADSTONE COMMER - GOOD 6 PERP / GOODO Daily stock chart

Setup Rating and Analysis

GOODO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.54

21.23

We found 2 important support areas.

Support @19.25 from a horizontal line in the weekly time frame.
A support zone ranging from 18.73 to 18.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 20.16 to 20.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 21.01 to 21.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for GOODO is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GOODO is down.
ChartMill Relative Strength	26.99	NEGATIVE	GOODO has a low relative strength, it was outperformed by 73.01% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GOODO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GOODO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GOODO is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.09	NEUTRAL	The RSI value for GOODO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests GOODO has a negative trend.
Stochastics (14,3)	42.78	NEUTRAL	The Stochastics value for GOODO is a neutral value.
Average True Range in percent/ATR (20)	1.06	LOW VOLATILITY	The low ATR as a percentage value for GOODO suggests low volalility.
Average Directional Index/ADX (14)	30.29	POSITIVE	The high ADX value value for GOODO suggests a strong trend.