Gores Holdings Inc. (GRSH) Stock Technical Analysis
NASDAQ:GRSH - Nasdaq -
Overall GRSH gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRSH is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GRSH is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by GRSH over the past year are nicely spread over this period.
GRSH is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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.
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
9.49
11.27
3 important support areas can be observed.
- 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.
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. |
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)
NASDAQ:GRSH (2/10/2020, 8:11:57 PM)
11.15
+0.09 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.81%
1 Week8.15%
2 Weeks5.49%
1 Month7.11%
3 Month8.99%
6 Month11.17%
12 Month14.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.88%
ATR Inc43.56%
Range Today0.31
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.64
Mansfield-0.19
10 Day High11.3
10 Day Low10.1
20 Day High11.3
20 Day Low10.1
52 Week High11.3
52 Week Low9.75
CS1 End10.68
CR1 Start11.16
Volume & EV
DER(3)-2.35%
DER(5)-0.84%
Volume947.60K
Volume Incr11.88%
Vol(5)1.99M
Vol(50)992.44K