GRIID INFRASTRUCTURE INC (GRDI) Stock Technical Analysis
NASDAQ:GRDI - Nasdaq - US0070241023 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to GRDI. GRDI'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.
Although the technical rating is bad, GRDI does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.78, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.76
When analyzing the support we notice one important area.
- A support zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.04 from a trend line in the daily time frame.
- A resistance zone ranging from 1.07 to 1.08. 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 | NEUTRAL | NEUTRAL | The long term trend for GRDI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRDI is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | GRDI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRDI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GRDI is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 54.59 | NEUTRAL | The RSI value for GRDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GRDI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.6 | NEUTRAL | The Stochastics value for GRDI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.62 | HIGH VOLATILITY | The high ATR as a percentage value for GRDI suggests high volalility. |
| Average Directional Index/ADX (14) | 31.18 | POSITIVE | The high ADX value value for GRDI suggests a strong trend. |
NASDAQ:GRDI (10/30/2024, 8:09:51 PM)
0.9601
+0.01 (+0.53%)