GPI Technical Analysis - GPI SPA

Technical Rating and Analysis

Taking everything into account, GPI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GPI has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

GPI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

Looking at the yearly performance, GPI did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

GPI is part of the Health Care Technology industry. There are 11 other stocks in this industry, GPI did better than 70% of them.

In the last month GPI has a been trading in the 16.84 - 18.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

Setup Rating and Analysis

GPI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 17.22, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.93

18.66

2 important support areas can be observed.

A support zone ranging from 17.04 to 17.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @15.08 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 17.86 to 18.48. This zone is formed by a combination of multiple trend lines and important moving averages 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	UP	POSITIVE	The long term trend for GPI.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GPI.MI is up.
ChartMill Relative Strength	89.04	POSITIVE	GPI.MI has a high relative strength, it outperformed 89.04% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of GPI.MI is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GPI.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GPI.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.67	NEUTRAL	The RSI value for GPI.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests GPI.MI has a negative trend.
Stochastics (14,3)	41.53	NEUTRAL	The Stochastics value for GPI.MI is a neutral value.
Average True Range in percent/ATR (20)	2.64	MEDIUM VOLATILITY	The ATR as a percentage value for GPI.MI suggests some volalility.
Average Directional Index/ADX (14)	28.23	POSITIVE	The high ADX value value for GPI.MI suggests a strong trend.