Gridsum Holding Inc (GSUM) Technical Analysis
NASDAQ:GSUM
Current stock price
GSUM Technical Rating and Analysis
Taking everything into account, GSUM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GSUM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GSUM did better than 82% of all other stocks. We also observe that the gains produced by GSUM over the past year are nicely spread over this period.
- A new 52 week high is currently being made by GSUM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GSUM has a been trading in the 1.76 - 1.95 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
GSUM Weekly and Daily overview Charts
GSUM Setup Rating and Analysis
Although GSUM has an excellent technical rating, it does not present a decent entry opportunity 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
GSUM Support and Resistance Analysis
1.23
2 important support areas can be observed.
- A support zone ranging from 1.86 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
GSUM 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 | UP | POSITIVE | The long term trend for GSUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSUM is up. |
| ChartMill Relative Strength | 82.05 | POSITIVE | GSUM has a high relative strength, it outperformed 82.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GSUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.17 | NEUTRAL | The RSI value for GSUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GSUM has a positive trend. |
| Stochastics (14,3) | 95.56 | OVERBOUGHT | The high Stochastics value suggests GSUM may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for GSUM suggests low volalility. |
GSUM Chart- and CandleStick Pattern Analysis
GSUM Technicals: Chart, Performance Metrics, Trend & Indicators
1.95
0 (0%)
Gridsum Holding Inc / GSUM TA FAQ
What is the technical rating for GSUM stock?
ChartMill assigns a technical rating of 10 / 10 to GSUM.
Can you provide the trend direction for Gridsum Holding Inc?
The current trend direction for Gridsum Holding Inc (GSUM) is Bullish.
What is the RSI signal for Gridsum Holding Inc (GSUM) stock?
Gridsum Holding Inc (GSUM) has an RSI value of 69.1724. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Gridsum Holding Inc?
The MACD indicator for Gridsum Holding Inc (GSUM) has a value of 0.00371017, indicating a bearish trend.
What is the short term momentum for GSUM stock?
The short term momentum for Gridsum Holding Inc (GSUM) is positive.