GORILLA TECHNOLOGY GROUP-CW (GRRRW) Stock Technical Analysis
NASDAQ:GRRRW - Nasdaq - - Currency: USD
Overall GRRRW gets a technical rating of 2 out of 10. Although GRRRW 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.
GRRRW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GRRRW has a been trading in the 0.61 - 0.90 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Although the technical rating is bad, GRRRW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for GRRRW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.60
0.84
When analyzing the support we notice one important area.
- Support @0.61 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.67 to 0.68. 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 0.71 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.77 from a trend line in the weekly time frame.
- Resistance @0.83 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 | DOWN | NEGATIVE | The short term trend for GRRRW is down. |
| ChartMill Relative Strength | 99.72 | POSITIVE | GRRRW has a high relative strength, it outperformed 99.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRRRW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GRRRW is below a declining 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) | 40.82 | NEUTRAL | The RSI value for GRRRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GRRRW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.52 | OVERSOLD | The low Stochastics value suggests GRRRW may be oversold. |
| Average True Range in percent/ATR (20) | 14.62 | HIGH VOLATILITY | The high ATR as a percentage value for GRRRW suggests high volalility. |
| Average Directional Index/ADX (14) | 7.87 | 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)
0.621
+0 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.16%
1 Week-8.82%
2 Weeks-14.99%
1 Month-19.48%
3 Month-11.29%
6 Month1.64%
12 Month1344.19%
2 Year265.29%
3 Year138.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%14.62%
ATR Inc-39.81%
Range Today0.04
ADR(20)0.09
ADR(20)%14.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.72
Mansfield1.14
10 Day High0.81
10 Day Low0.61
20 Day High0.9
20 Day Low0.61
52 Week High2.29
52 Week Low0.03
CS1 End0.61
CR1 Start0.67
Volume & EV
DER(3)4.68%
DER(5)3.35%
Volume32.80K
Volume Incr-25.95%
Vol(5)134.96K
Vol(50)142.61K