Logo image of GSB

Globalscape (GSB) Stock Technical Analysis

NYSEARCA:GSB -

9.48
0 (0%)
Last: 8/28/2020, 8:14:53 PM
Technical Rating and Analysis

2

Overall GSB gets a technical rating of 2 out of 10. In the last year, GSB was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, GSB is a bad performer in the overall market: 70% of all stocks are doing better.
In the last month GSB has a been trading in the 9.46 - 10.31 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
GSB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GSB is lagging the market.
Weekly and Daily overview Charts
Globalscape / GSB Weekly stock chart
Globalscape / GSB Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is bad, GSB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.47, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

6.87

10.66

When analyzing the support we can see 7 important areas.

  • A support zone ranging from 9.43 to 9.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @8.89 from a trend line in the weekly time frame.
  • Support @8.68 from a trend line in the daily time frame.
  • Support @8.32 from a trend line in the daily time frame.
  • Support @8.18 from a horizontal line in the weekly time frame.
  • Support @7.57 from a horizontal line in the daily time frame.
  • Support @6.94 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 9.49 to 9.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @10.33 from a trend line in the daily time frame.
  • Resistance @10.55 from a horizontal line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for GSB is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for GSB is down.
ChartMill Relative Strength30.41NEUTRALGSB is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of GSB is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of GSB is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of GSB is below a declining SMA(200).
Relative Strength Index/RSI (14)49.2NEUTRALThe RSI value for GSB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.02NEGATIVEThe MACD value suggests GSB has a negative trend.
Stochastics (14,3)9.15OVERSOLDThe low Stochastics value suggests GSB may be oversold.
Average True Range in percent/ATR (20)1.62LOW VOLATILITYThe low ATR as a percentage value for GSB suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)
Globalscape / GSB Daily stock chart

Globalscape

NYSEARCA:GSB (8/28/2020, 8:14:53 PM)

9.48

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.63%
2 Weeks-1.96%
1 Month-0.52%
3 Month0.32%
6 Month8.1%
12 Month-21.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%1.62%
ATR Inc-90.31%
Range Today0
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
CRS30.41
Mansfield-1.51
10 Day High9.7
10 Day Low9.46
20 Day High10.31
20 Day Low9.46
52 Week High14.14
52 Week Low5.21
CS1 End9.47
CR1 Start9.49
Volume & EV
DER(3)1.84%
DER(5)1.44%
Volume100
Volume Incr25.66%
Vol(5)268.46K
Vol(50)246.61K