GREENPOWER MOTOR CO INC (GP) Stock Technical Analysis
NASDAQ:GP - Nasdaq - CA39540E3023 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to GP. GP'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than GP.
GP is part of the Machinery industry. There are 128 other stocks in this industry, of which 88% are performing better than GP.
GP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GP is lagging the market.
In the last month GP has a been trading in the 0.41 - 0.51 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.42
1.03
When analyzing the support we notice one important area.
- Support @0.42 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.46 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.02 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 GP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GP is down. |
| ChartMill Relative Strength | 5.84 | NEGATIVE | GP has a low relative strength, it was outperformed by 94.16% 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) | DOWN | NEGATIVE | The current price of GP is below a declining 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) | 47.59 | NEUTRAL | The RSI value for GP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.61 | NEUTRAL | The Stochastics value for GP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for GP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for GP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.4499
0 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.02%
1 Week-2.17%
2 Weeks3.43%
1 Month2.72%
3 Month-36.38%
6 Month-46.12%
12 Month-63.72%
2 Year-80.44%
3 Year-89.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%6.97%
ATR Inc-19.78%
Range Today0.03
ADR(20)0.03
ADR(20)%6.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.84
Mansfield-4.99
10 Day High0.51
10 Day Low0.43
20 Day High0.51
20 Day Low0.41
52 Week High1.9
52 Week Low0.41
CS1 End0.42
CR1 Start0.45
Volume & EV
DER(3)-14.68%
DER(5)-5.59%
Volume29.14K
Volume Incr-40.76%
Vol(5)28.05K
Vol(50)52.68K