Gores Holdings Inc. (GRSH) Technical Analysis
NASDAQ:GRSH
Current stock price
GRSH Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to GRSH. Both in the recent history as in the last year, GRSH has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GRSH did better than 74% of all other stocks. We also observe that the gains produced by GRSH over the past year are nicely spread over this period.
- A new 52 week high is currently being made by GRSH, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GRSH has a been trading in the 10.10 - 11.29 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GRSH Weekly and Daily overview Charts
GRSH Setup Rating and Analysis
Although GRSH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GRSH Support and Resistance Analysis
9.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.10 to 10.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.81 from a trend line in the weekly time frame.
- A support zone ranging from 9.59 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.16 to 11.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
GRSH Technical Indicator Signal Analysis
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 GRSH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRSH is up. |
| ChartMill Relative Strength | 74.64 | POSITIVE | GRSH has a high relative strength, it outperformed 74.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRSH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRSH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.02 | OVERBOUGHT | The high RSI value suggests GRSH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GRSH has a positive trend. |
| Stochastics (14,3) | 88.59 | OVERBOUGHT | The high Stochastics value suggests GRSH may be overbought. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for GRSH suggests low volalility. |
GRSH Chart- and CandleStick Pattern Analysis
GRSH Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:GRSH (2/10/2020, 8:11:57 PM)
11.15
+0.09 (+0.81%)
Gores Holdings Inc. / GRSH TA FAQ
What is the technical rating for GRSH stock?
ChartMill assigns a technical rating of 9 / 10 to GRSH.
What is the trend direction for GRSH stock?
The current trend direction for Gores Holdings Inc. (GRSH) is Bullish.
What is the RSI signal for Gores Holdings Inc. (GRSH) stock?
Gores Holdings Inc. (GRSH) has an RSI value of 70.0171. This indicates that the stock is currently overbought.
What is the buy/sell signal for GRSH stock?
The buy/sell signal for Gores Holdings Inc. (GRSH) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Gores Holdings Inc. (GRSH) stock?
Gores Holdings Inc. (GRSH) has a support level at 10.68 and a resistance level at 11.16. Check the full technical report for our detailed analysis of GRSH support and resistance levels.