GRIID INFRASTRUCTURE INC (GRDI) Stock Technical Analysis
NASDAQ:GRDI - Nasdaq - US0070241023 - Common Stock - Currency: USD
Taking everything into account, GRDI scores 3 out of 10 in our technical rating. GRDI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GRDI is a bad performer in the overall market: 100% of all stocks are doing better.
GRDI is part of the Software industry. There are 282 other stocks in this industry, of which 91% are performing better than GRDI.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month GRDI has a been trading in the 0.70 - 1.18 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.
GRDI has a bad technical rating, but it does show a decent setup pattern. 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
1.09
We found 1 important support 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
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)
NASDAQ:GRDI (10/30/2024, 8:09:51 PM)
0.9601
+0.01 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.53%
1 Week5.62%
2 Weeks7.88%
1 Month31.86%
3 Month-8.12%
6 Month26.76%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%10.62%
ATR Inc12.69%
Range Today0.13
ADR(20)0.1
ADR(20)%10.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.18
10 Day Low0.84
20 Day High1.18
20 Day Low0.7
52 Week HighN/A
52 Week LowN/A
CS1 End0.78
CR1 Start1.04
Volume & EV
DER(3)-5.95%
DER(5)-2.44%
Volume106.60K
Volume Incr62.47%
Vol(5)104.86K
Vol(50)51.46K