GREE Technical Analysis - GREENIDGE GENERATION HOLDING

Technical Rating and Analysis

Taking everything into account, GREE scores 6 out of 10 in our technical rating. In the last year, GREE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month GREE has a been trading in the 1.12 - 1.73 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, which is what you like to see during a strong movement up.

When compared to the yearly performance of all other stocks, GREE outperforms 59% of them, which is more or less in line with the market.

GREE is an average performer in the Software industry, it outperforms 53% of 281 stocks in the same industry.

GREE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GREE is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GREENIDGE GENERATION HOLDING / GREE Weekly stock chart

GREENIDGE GENERATION HOLDING / GREE Daily stock chart

Setup Rating and Analysis

GREE has an average technical rating and it also does not offer a high 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

1.14

1.76

2 important support areas can be observed.

Support @1.19 from a trend line in the daily time frame.
Support @1.15 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @1.74 from a trend line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for GREE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GREE is up.
ChartMill Relative Strength	59.82	NEUTRAL	GREE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GREE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of GREE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of GREE is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.72	NEUTRAL	The RSI value for GREE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests GREE has a positive trend.
Stochastics (14,3)	76.44	NEUTRAL	The Stochastics value for GREE is a neutral value.
Average True Range in percent/ATR (20)	6.86	HIGH VOLATILITY	The high ATR as a percentage value for GREE suggests high volalility.
Average Directional Index/ADX (14)	21.72	NEUTRAL	The ADX value for GREE suggests a possible start of a new trend.