GORILLA TECHNOLOGY GROUP INC (GRRR) Stock Technical Analysis
NASDAQ:GRRR - Nasdaq - KYG4000K1756 - Common Stock - Currency: USD
Overall GRRR gets a technical rating of 8 out of 10. GRRR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month GRRR has a been trading in the 18.14 - 27.90 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that GRRR is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, GRRR also shows a nice and consistent pattern of rising prices.
GRRR is one of the better performing stocks in the Software industry, it outperforms 97% of 282 stocks in the same industry.
GRRR has an average volume of 2266240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GRRR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRRR is lagging the market.
Volume is considerably higher in the last couple of days.
GRRR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
16.48
23.89
3 important support areas can be observed.
- Support @19.68 from a trend line in the weekly time frame.
- A support zone ranging from 18.45 to 18.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.65 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @22.84 from a trend line in the weekly time frame.
- Resistance @23.65 from a trend line in the daily 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 GRRR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRRR is neutral. |
| ChartMill Relative Strength | 99.29 | POSITIVE | GRRR has a high relative strength, it outperformed 99.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRRR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRRR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRRR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.45 | NEUTRAL | The RSI value for GRRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests GRRR has a negative trend. |
| Stochastics (14,3) | 23.84 | NEUTRAL | The Stochastics value for GRRR is a neutral value. |
| Average True Range in percent/ATR (20) | 13.51 | HIGH VOLATILITY | The high ATR as a percentage value for GRRR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.79 | POSITIVE | The high ADX value value for GRRR 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 |
|---|---|---|---|
| 22.85 | 19.67 | 3.18 (13.92%) | 7.19% |
| An entry @22.85. This is a Buy Stop order right above the resistance zone. | An exit @19.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.18 points, which is 13.92%. | For a 1.00% total portfolio risk, you can invest 7.19% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GRRR. 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.
20.07
-0.17 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.84%
1 Week-4.43%
2 Weeks-10.32%
1 Month-2.53%
3 Month4.04%
6 Month49.39%
12 Month616.79%
2 Year-2.57%
3 Year-83.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.46
ATR(20)%13.51%
ATR Inc-53.64%
Range Today0.99
ADR(20)2.19
ADR(20)%10.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.29
Mansfield3.43
10 Day High24.7
10 Day Low18.75
20 Day High27.9
20 Day Low18.14
52 Week High44.15
52 Week Low2.09
CS1 End19.68
CR1 Start22.84
Volume & EV
DER(3)-6.57%
DER(5)-4.53%
Volume2.05M
Volume Incr32.47%
Vol(5)3.97M
Vol(50)2.27M