Taking everything into account, GRSH scores 9 out of 10 in our technical rating. 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.
- Looking at the yearly performance, GRSH did better than 74% of all other stocks. On top of that, GRSH also shows a nice and consistent pattern of rising prices.
- 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.
Although GRSH has an excellent technical rating, it does not offer a high quality setup 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
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.
When analyzing the resistance we notice one important 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. |
NASDAQ:GRSH (2/10/2020, 8:11:57 PM)
11.15
+0.09 (+0.81%)
Gores Holdings Inc. / GRSH 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 GRSH stock?
Gores Holdings Inc. (GRSH) has an RSI value of 70.0171. This indicates that the stock is currently overbought.
What is the MACD signal for Gores Holdings Inc. (GRSH) stock?
The MACD indicator for Gores Holdings Inc. (GRSH) has a value of 0.0510578, indicating a bearish trend.
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.