Gridsum Holding Inc (GSUM) Technical Analysis
NASDAQ:GSUM
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.
- 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. On top of that, GSUM also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by GSUM, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so GSUM is leading the market.
- 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.
Although GSUM has an excellent technical rating, it does not offer a high 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
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.
We found 1 important resistance 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. |
GSUM Technicals: Chart, Performance Metrics, Trend & Indicators
1.95
0 (0%)
Gridsum Holding Inc / GSUM 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.
Can you provide the RSI signal for Gridsum Holding Inc?
Gridsum Holding Inc (GSUM) has an RSI value of 69.1724. This indicates that the stock is currently neutral.
What is the short term momentum for Gridsum Holding Inc (GSUM) stock?
The short term momentum for Gridsum Holding Inc (GSUM) is positive.
What is the buy/sell signal for GSUM stock?
The buy/sell signal for Gridsum Holding Inc (GSUM) is buy as both the short term and long term trends are positive.