GORILLA TECHNOLOGY GROUP INC (GRRR) Stock Technical Analysis
NASDAQ:GRRR - KYG4000K1756 - Common Stock
16.16 USD
-0.81 (-4.77%)
16.2991 USD
+0.14 (+0.86%)
Taking everything into account, GRRR scores 3 out of 10 in our technical rating. Although GRRR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, GRRR did better than 98% of all other stocks.
GRRR is part of the Software industry. There are 282 other stocks in this industry. GRRR outperforms 97% of them.
GRRR has an average volume of 2304830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
In the last month GRRR has a been trading in the 15.41 - 18.95 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.
Although the technical rating is bad, GRRR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.13, a Stop Loss order could be placed below this zone.
More info and screens
15.32
20.34
We found 2 important support areas.
- A support zone ranging from 15.98 to 16.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.47 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 17.34 to 17.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.03 to 18.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.26 from a trend line in the weekly time frame.
- Resistance @20.14 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 | NEUTRAL | NEUTRAL | The long term trend for GRRR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRRR is down. |
| ChartMill Relative Strength | 98.76 | POSITIVE | GRRR has a high relative strength, it outperformed 98.76% 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) | DOWN | NEGATIVE | The current price of GRRR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GRRR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.77 | NEUTRAL | The RSI value for GRRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GRRR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.32 | NEUTRAL | The Stochastics value for GRRR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for GRRR suggests high volalility. |
| Average Directional Index/ADX (14) | 9.1 | NEGATIVE | The low ADX value for GRRR suggests a weak or negative 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)
16.16
-0.81 (-4.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.77%
1 Week-6.64%
2 Weeks-8.18%
1 Month-0.92%
3 Month-7.02%
6 Month-46.63%
12 Month421.29%
2 Year3.59%
3 Year-86.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%6.98%
ATR Inc-21.96%
Range Today1.07
ADR(20)1.09
ADR(20)%6.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.76
Mansfield-0.54
10 Day High18.95
10 Day Low15.75
20 Day High18.95
20 Day Low15.41
52 Week High44.15
52 Week Low3.01
CS1 End16.13
CR1 Start17.34
Volume & EV
DER(3)-6.16%
DER(5)-0.4%
Volume1.12M
Volume Incr-32.05%
Vol(5)961.78K
Vol(50)2.30M