GREENLAND TECHNOLOGIES HOLDI (GTEC) Stock Technical Analysis
NASDAQ:GTEC - Nasdaq - VGG4095T1075 - Common Stock - Currency: USD
Overall GTEC gets a technical rating of 7 out of 10. In the last year, GTEC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
GTEC is one of the better performing stocks in the Machinery industry, it outperforms 91% of 128 stocks in the same industry.
In the last month GTEC has a been trading in the 1.90 - 2.18 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GTEC did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GTEC 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 GTEC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GTEC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.09, a Stop Loss order could be placed below this zone.
More info and screens
1.65
2.85
3 important support areas can be observed.
- A support zone ranging from 2.05 to 2.09. 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 1.91 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.67 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @2.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.26 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.65 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.82 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 | UP | POSITIVE | The long term trend for GTEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTEC is up. |
| ChartMill Relative Strength | 95 | POSITIVE | GTEC has a high relative strength, it outperformed 95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GTEC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.19 | NEUTRAL | The RSI value for GTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GTEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.74 | NEUTRAL | The Stochastics value for GTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for GTEC suggests high volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for GTEC 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.16 | 2.04 | 0.12 (5.56%) | 18.00% |
| An entry @2.16. This is a Buy Stop order right above the resistance zone. | An exit @2.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 5.56%. | When investing 18.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GTEC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.11
-0.03 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.4%
1 Week-2.31%
2 Weeks4.46%
1 Month-1.4%
3 Month67.46%
6 Month12.83%
12 Month43.54%
2 Year29.45%
3 Year-47.12%
5 Year-8.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%5.59%
ATR Inc0.03%
Range Today0.07
ADR(20)0.12
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95
Mansfield0.25
10 Day High2.18
10 Day Low1.96
20 Day High2.18
20 Day Low1.9
52 Week High2.94
52 Week Low1.17
CS1 End2.09
CR1 Start2.15
Volume & EV
DER(3)-3.08%
DER(5)-4.89%
Volume58.80K
Volume Incr-48.18%
Vol(5)71.02K
Vol(50)151.88K