GREENSKY INC-CLASS A (GSKY) Stock Technical Analysis
NASDAQ:GSKY - Nasdaq - Common Stock
Taking everything into account, GSKY scores 4 out of 10 in our technical rating. Although GSKY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GSKY is part of the IT Services industry. There are 82 other stocks in this industry. GSKY outperforms 83% of them.
In the last month GSKY has a been trading in the 9.13 - 10.30 range, which is quite wide. It is currently trading near the high of this range.
GSKY has an average volume of 2292190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that GSKY is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GSKY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GSKY is lagging the market slightly.
Volume is considerably higher in the last couple of days.
GSKY has only a medium technical rating, but it does show a decent setup pattern. 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 10.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GSKY 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.
More info and screens
7.44
12.34
4 important support areas can be observed.
- A support zone ranging from 9.77 to 10.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.51 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.27 from a horizontal line in the daily time frame.
- Support @7.52 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.21 to 10.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.40 from a trend line in the weekly time frame.
- Resistance @11.60 from a trend line in the daily time frame.
- Resistance @12.22 from a horizontal line in the daily time frame.
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 GSKY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GSKY is neutral. |
| ChartMill Relative Strength | 92.82 | POSITIVE | GSKY has a high relative strength, it outperformed 92.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSKY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GSKY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSKY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.87 | NEUTRAL | The RSI value for GSKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests GSKY has a positive trend. |
| Stochastics (14,3) | 85.4 | OVERBOUGHT | The high Stochastics value suggests GSKY may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for GSKY suggests some 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)
10.2
+0.16 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.59%
1 Week2.31%
2 Weeks9.91%
1 Month6.47%
3 Month-10.21%
6 Month-9.09%
12 Month60.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%3.37%
ATR Inc-3.15%
Range Today0.21
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
CRS92.82
Mansfield0.86
10 Day High10.31
10 Day Low9.47
20 Day High10.31
20 Day Low9.13
52 Week High12.63
52 Week Low5.33
CS1 End10.18
CR1 Start10.21
Volume & EV
DER(3)6.46%
DER(5)7.02%
Volume5.32M
Volume Incr30.02%
Vol(5)4.15M
Vol(50)2.29M