GREENPOWER MOTOR CO INC (GP) Stock Technical Analysis
NASDAQ:GP • CA39540E4013
Taking everything into account, GP scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GP was also a bad performer in the overall market in the last year.
- 89% of all other stocks performed better in the past year than GP.
- GP is part of the Machinery industry. There are 130 other stocks in this industry, of which 84% are performing better than GP.
- GP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- GP has an average volume of 1885810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month GP has a been trading in the 0.87 - 1.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GP has an average technical rating and also the quality of the setup is only medium 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.
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1.09
When analyzing the support we notice one important area.
- A support zone ranging from 1.10 to 1.10. 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 1.28 to 1.30. 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 | DOWN | NEGATIVE | The long term trend for GP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GP is up. |
| ChartMill Relative Strength | 11.84 | NEGATIVE | GP has a low relative strength, it was outperformed by 88.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.67 | NEUTRAL | The RSI value for GP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GP has a positive trend. |
| Stochastics (14,3) | 55.22 | NEUTRAL | The Stochastics value for GP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.21 | HIGH VOLATILITY | The high ATR as a percentage value for GP suggests high volalility. |
| Average Directional Index/ADX (14) | 31.73 | POSITIVE | The high ADX value value for GP suggests a strong trend. |
1.23
+0.13 (+11.82%)
GREENPOWER MOTOR CO INC / GP FAQ
What is the technical rating for GP stock?
ChartMill assigns a technical rating of 4 / 10 to GP.
Can you provide the trend direction for GREENPOWER MOTOR CO INC?
The current trend direction for GREENPOWER MOTOR CO INC (GP) is Bearish.
What is the RSI signal for GP stock?
GREENPOWER MOTOR CO INC (GP) has an RSI value of 60.6696. This indicates that the stock is currently neutral.
What is the MACD signal for GREENPOWER MOTOR CO INC (GP) stock?
The MACD indicator for GREENPOWER MOTOR CO INC (GP) has a value of 0.0175649, indicating a bearish trend.
Can you provide the support and resistance levels for GREENPOWER MOTOR CO INC?
GREENPOWER MOTOR CO INC (GP) has a support level at 1.1 and a resistance level at 1.28. Check the full technical report for our detailed analysis of GP support and resistance levels.