We assign a technical rating of 10 out of 10 to GSUM. Both in the recent history as in the last year, GSUM has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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1.23
We found 2 important support areas.
- 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.
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. |
1.95
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Gridsum Holding Inc / GSUM FAQ
What is the technical rating for GSUM stock?
ChartMill assigns a technical rating of 10 / 10 to GSUM.
What is the trend direction for GSUM stock?
The current trend direction for Gridsum Holding Inc (GSUM) is Bullish.
What is the RSI signal for 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 buy/sell signal for Gridsum Holding Inc (GSUM) stock?
The buy/sell signal for Gridsum Holding Inc (GSUM) is buy as both the short term and long term trends are positive.