GRVY Technical Analysis - GRAVITY CO LTD-SPONSORED ADR

Technical Rating and Analysis

Overall GRVY gets a technical rating of 0 out of 10. GRVY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, GRVY is a bad performer in the overall market: 72% of all stocks are doing better.

In the last month GRVY has a been trading in the 61.50 - 65.97 range, which is quite wide. It is currently trading near the lows of this range.

Warning: GRVY has an average volume of 12812 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

GRVY is part of the Entertainment industry. There are 80 other stocks in this industry, GRVY did better than 40% of them.

GRVY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRVY is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GRAVITY CO LTD-SPONSORED ADR / GRVY Weekly stock chart

GRAVITY CO LTD-SPONSORED ADR / GRVY Daily stock chart

Setup Rating and Analysis

The technical rating of GRVY is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

60.89

68.88

When analyzing the support we notice one important area.

Support @61.51 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 63.20 to 64.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 66.16 to 68.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for GRVY is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GRVY is down.
ChartMill Relative Strength	28.86	NEGATIVE	GRVY has a low relative strength, it was outperformed by 71.14% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GRVY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GRVY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GRVY is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.75	NEUTRAL	The RSI value for GRVY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests GRVY has a negative trend.
Stochastics (14,3)	11.24	OVERSOLD	The low Stochastics value suggests GRVY may be oversold.
Average True Range in percent/ATR (20)	1.72	LOW VOLATILITY	The low ATR as a percentage value for GRVY suggests low volalility.
Average Directional Index/ADX (14)	12.66	NEGATIVE	The low ADX value for GRVY suggests a weak or negative trend.