GORILLA TECHNOLOGY GROUP-CW (GRRRW) Stock Technical Analysis
NASDAQ:GRRRW - Nasdaq - - Currency: USD
We assign a technical rating of 6 out of 10 to GRRRW. Although GRRRW has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that GRRRW is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GRRRW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRRRW is lagging the market.
In the last month GRRRW has a been trading in the 0.60 - 0.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, GRRRW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.62
0.90
3 important support areas can be observed.
- A support zone ranging from 0.79 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.63 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.83 from a horizontal line in the daily time frame.
- Resistance @0.89 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 GRRRW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRRRW is neutral. |
| ChartMill Relative Strength | 99.8 | POSITIVE | GRRRW has a high relative strength, it outperformed 99.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRRRW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRRRW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRRRW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.69 | NEUTRAL | The RSI value for GRRRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GRRRW has a positive trend. |
| Stochastics (14,3) | 42.81 | NEUTRAL | The Stochastics value for GRRRW is a neutral value. |
| Average True Range in percent/ATR (20) | 15.1 | HIGH VOLATILITY | The high ATR as a percentage value for GRRRW suggests high volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for GRRRW 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)
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 |
|---|---|---|---|
| 0.85 | 0.76 | 0.09 (10.59%) | 9.44% |
| An entry @0.85. This is a Buy Stop order right above the resistance zone. | An exit @0.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 10.59%. | For a 1.00% total portfolio risk, you can invest 9.44% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GRRRW. 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.
0.7972
+0.06 (+7.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg7.73%
1 Week3.53%
2 Weeks14.94%
1 Month27.55%
3 Month32.87%
6 Month-40.51%
12 Month1574.79%
2 Year368.94%
3 Year206.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%15.1%
ATR Inc-12.33%
Range Today0.09
ADR(20)0.11
ADR(20)%14.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.8
Mansfield5.61
10 Day High0.95
10 Day Low0.63
20 Day High0.95
20 Day Low0.6
52 Week High2.29
52 Week Low0.02
CS1 End0.77
CR1 Start0.84
Volume & EV
DER(3)-3.16%
DER(5)1.86%
Volume111.20K
Volume Incr20.49%
Vol(5)196.92K
Vol(50)125.32K