Guggenheim Enhanced Equity (GPM) Stock Technical Analysis
NYSE:GPM - New York Stock Exchange, Inc. -
Taking everything into account, GPM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GPM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GPM did better than 81% of all other stocks. On top of that, GPM also shows a nice and consistent pattern of rising prices.
GPM 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.
In the last month GPM has a been trading in the 9.19 - 10.29 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
GPM has an excellent technical rating, but 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.
More info and screens
8.30
10.35
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.54 to 9.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.27 to 9.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.06 from a horizontal line in the daily time frame.
- Support @8.38 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.01 to 10.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for GPM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GPM is up. |
| ChartMill Relative Strength | 81.71 | POSITIVE | GPM has a high relative strength, it outperformed 81.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GPM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GPM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GPM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.87 | NEUTRAL | The RSI value for GPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GPM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.6 | NEUTRAL | The Stochastics value for GPM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for GPM suggests some volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.02 | 9.85 | 0.17 (1.74%) | 25.00% |
| An entry @10.02. This is a Buy Stop order right above the 10 day moving average. | An exit @9.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 1.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of GPM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.89
-0.18 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.79%
1 Week-3.42%
2 Weeks0%
1 Month2.38%
3 Month13.16%
6 Month18.3%
12 Month70.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%2.11%
ATR Inc20.22%
Range Today0.32
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.71
Mansfield1.34
10 Day High10.29
10 Day Low9.86
20 Day High10.29
20 Day Low9.19
52 Week High10.29
52 Week Low5.33
CS1 End9.78
CR1 Start10.01
Volume & EV
DER(3)5.05%
DER(5)1.27%
Volume868.50K
Volume Incr96.53%
Vol(5)528.90K
Vol(50)229.93K