GREENIDGE GENERATION HOLDING (GREE) Stock Technical Analysis
NASDAQ:GREE - Nasdaq - US39531G3083 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to GREE. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GREE is a bad performer.
When comparing the yearly performance of all stocks, GREE is a bad performer in the overall market: 78% of all stocks are doing better.
GREE is one of the lesser performing stocks in the Software industry. 60% of 282 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
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.
In the last month GREE has a been trading in the 1.11 - 2.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GREE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.95. Right above this resistance zone may be a good entry point.
More info and screens
1.27
1.98
4 important support areas can be observed.
- A support zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.36 from a trend line in the daily time frame.
- Support @1.33 from a trend line in the weekly time frame.
- Support @1.28 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.95 to 1.96. 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 | UP | POSITIVE | The long term trend for GREE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GREE is up. |
| ChartMill Relative Strength | 22.87 | NEGATIVE | GREE has a low relative strength, it was outperformed by 77.13% off all stocks 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) | UP | POSITIVE | The current price of GREE is above the rising 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) | 52.74 | NEUTRAL | The RSI value for GREE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GREE has a negative trend. |
| Stochastics (14,3) | 51.1 | NEUTRAL | The Stochastics value for GREE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.31 | HIGH VOLATILITY | The high ATR as a percentage value for GREE suggests high volalility. |
| Average Directional Index/ADX (14) | 34.05 | POSITIVE | The high ADX value value for GREE 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)
1.73
-0.13 (-6.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.99%
1 Week-11.28%
2 Weeks-2.81%
1 Month47.86%
3 Month29.1%
6 Month1.17%
12 Month-37.55%
2 Year-71.21%
3 Year-94.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%11.31%
ATR Inc-5.28%
Range Today0.18
ADR(20)0.19
ADR(20)%11.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.87
Mansfield-0.23
10 Day High2.15
10 Day Low1.63
20 Day High2.15
20 Day Low1.11
52 Week High3.84
52 Week Low0.58
CS1 End1.72
CR1 Start1.95
Volume & EV
DER(3)-12.57%
DER(5)-4.13%
Volume218.50K
Volume Incr-29.63%
Vol(5)223.12K
Vol(50)348.72K