GRAVITY CO LTD-SPONSORED ADR (GRVY) Stock Technical Analysis
NASDAQ:GRVY - Nasdaq - US38911N2062 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to GRVY. Although GRVY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, GRVY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 64.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GRVY 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.
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60.89
When analyzing the support we notice one important area.
- A support zone ranging from 61.50 to 63.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 64.75 to 67.33. 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 GRVY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRVY is up. |
| ChartMill Relative Strength | 22.69 | NEGATIVE | GRVY has a low relative strength, it was outperformed by 77.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRVY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRVY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRVY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.69 | NEUTRAL | The RSI value for GRVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GRVY has a positive trend. |
| Stochastics (14,3) | 51.97 | NEUTRAL | The Stochastics value for GRVY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for GRVY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.22 | NEGATIVE | The low ADX value for GRVY suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.61 | 61.74 | 2.87 (4.44%) | 22.53% |
| An entry @64.61. This is a Buy Stop order right above the 10 day high. | An exit @61.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.87 points, which is 4.44%. | When investing 22.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
64.6
+1.1 (+1.73%)