GPV Technical Analysis - GREENPOWER MOTOR CO INC

Technical Rating and Analysis

Taking everything into account, GPV scores 0 out of 10 in our technical rating. GPV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, GPV is a bad performer in the overall market: 99% of all stocks are doing better.

GPV is one of the lesser performing stocks in the Machinery industry. 90% of 22 stocks in the same industry do better.

GPV 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.

In the last month GPV has a been trading in the 3.87 - 5.05 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Warning: GPV has an average volume of 9154 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Considerably lower volume is observed 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

GREENPOWER MOTOR CO INC / GPV Weekly stock chart

GREENPOWER MOTOR CO INC / GPV Daily stock chart

Setup Rating and Analysis

The technical rating of GPV is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.95

4.68

3 important resistance areas can be observed.

A resistance zone ranging from 4.16 to 4.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 4.32 to 4.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @4.63 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for GPV.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GPV.CA is down.
ChartMill Relative Strength	1.26	NEGATIVE	GPV.CA has a low relative strength, it was outperformed by 98.74% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GPV.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GPV.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GPV.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.29	NEUTRAL	The RSI value for GPV.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests GPV.CA has a negative trend.
Stochastics (14,3)	11.68	OVERSOLD	The low Stochastics value suggests GPV.CA may be oversold.
Average True Range in percent/ATR (20)	6.88	HIGH VOLATILITY	The high ATR as a percentage value for GPV.CA suggests high volalility.
Average Directional Index/ADX (14)	10.35	NEGATIVE	The low ADX value for GPV.CA suggests a weak or negative trend.