GLORY STAR NEW MEDIA GROUP H (GSMG) Stock Technical Analysis
NASDAQ:GSMG - Nasdaq - KYG399731051 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to GSMG. GSMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than GSMG.
GSMG is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, of which 82% are performing better than GSMG.
GSMG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month GSMG has a been trading in the 0.32 - 0.42 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of GSMG 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.
More info and screens
0.40
0.57
We can see 4 important resistance areas.
- Resistance @0.46 from a trend line in the daily time frame.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.49 from a trend line in the weekly time frame.
- Resistance @0.56 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 | DOWN | NEGATIVE | The long term trend for GSMG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GSMG is neutral. |
| ChartMill Relative Strength | 9.83 | NEGATIVE | GSMG has a low relative strength, it was outperformed by 90.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GSMG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GSMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.08 | NEUTRAL | The RSI value for GSMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GSMG has a positive trend. |
| Stochastics (14,3) | 64.04 | NEUTRAL | The Stochastics value for GSMG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for GSMG suggests high volalility. |
| Average Directional Index/ADX (14) | 13.44 | NEGATIVE | The low ADX value for GSMG suggests a weak or negative trend. |
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)
0.405
+0.06 (+15.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg15.95%
1 Week17.7%
2 Weeks18.32%
1 Month17.26%
3 Month-17.43%
6 Month-37.69%
12 Month-73%
2 Year-70.65%
3 Year-84.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%6.8%
ATR Inc91.06%
Range Today0.07
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
CRS9.83
Mansfield-4.9
10 Day High0.42
10 Day Low0.33
20 Day High0.42
20 Day Low0.32
52 Week High1.52
52 Week Low0.32
CS1 EndN/A
CR1 Start0.46
Volume & EV
DER(3)11.25%
DER(5)13.4%
Volume384.90K
Volume Incr85%
Vol(5)89.90K
Vol(50)144.39K