GREENIDGE GENERATION HOLDING (GREE) Stock Technical Analysis
USA - NASDAQ:GREE - US39531G3083 - Common Stock
1.9 USD
-0.05 (-2.56%)
1.83 USD
-0.07 (-3.68%)
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: 72% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
GREE is part of the Software industry. There are 285 other stocks in this industry, GREE did better than 50% of them.
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 1.60 - 2.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 very little resistance above the current price.
More info and screens
1.14
2.05
We found 5 important support areas.
- Support @1.81 from a trend line in the daily time frame.
- A support zone ranging from 1.73 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.36 from a trend line in the weekly time frame.
- Support @1.32 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 @2.03 from a horizontal line in the weekly time frame.
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 | 28.26 | NEGATIVE | GREE has a low relative strength, it was outperformed by 71.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GREE is below 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) | UP | POSITIVE | The current price of GREE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.49 | NEUTRAL | The RSI value for GREE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GREE has a negative trend. |
| Stochastics (14,3) | 45.33 | NEUTRAL | The Stochastics value for GREE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.34 | HIGH VOLATILITY | The high ATR as a percentage value for GREE suggests high volalility. |
| Average Directional Index/ADX (14) | 31.65 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.04 | 1.80 | 0.24 (11.76%) | 8.50% |
| An entry @2.04. This is a Buy Stop order right above the resistance zone. | An exit @1.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 11.76%. | When investing 8.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GREE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.9
-0.05 (-2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.56%
1 Week5.56%
2 Weeks-15.56%
1 Month11.11%
3 Month9.83%
6 Month41.79%
12 Month-15.56%
2 Year-62.45%
3 Year-80.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%12.34%
ATR Inc-14.14%
Range Today0.11
ADR(20)0.23
ADR(20)%11.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.26
3 months CRS77.52
6 months CRS83.33
Mansfield1.4
10 Day High2.42
10 Day Low1.67
20 Day High2.42
20 Day Low1.6
52 Week High3.84
52 Week Low0.58
CS1 End1.81
CR1 Start2.03
Volume & EV
DER(3)-4.08%
DER(5)-0.55%
Volume125.80K
Volume Incr-11.62%
Vol(5)352.94K
Vol(50)269.38K