GREENLAND TECHNOLOGIES HOLDI (GTEC) Stock Technical Analysis
NASDAQ:GTEC - VGG4095T1075 - Common Stock
1.39 USD
-0.02 (-1.42%)
1.42 USD
+0.03 (+2.16%)
Overall GTEC gets a technical rating of 0 out of 10. GTEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
94% of all other stocks performed better in the past year than GTEC.
GTEC is one of the lesser performing stocks in the Machinery industry. 88% of 128 stocks in the same industry do better.
GTEC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GTEC has a been trading in the 1.14 - 1.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
GTEC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.40. Right above this resistance zone may be a good entry point.
More info and screens
1.25
2.08
We found 1 important support area.
- Support @1.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.40 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.65 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.87 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.06 to 2.06. 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 | DOWN | NEGATIVE | The long term trend for GTEC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GTEC is down. |
| ChartMill Relative Strength | 6.85 | NEGATIVE | GTEC has a low relative strength, it was outperformed by 93.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GTEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GTEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.98 | NEUTRAL | The RSI value for GTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GTEC has a positive trend. |
| Stochastics (14,3) | 58.32 | NEUTRAL | The Stochastics value for GTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.53 | HIGH VOLATILITY | The high ATR as a percentage value for GTEC suggests high volalility. |
| Average Directional Index/ADX (14) | 33.78 | POSITIVE | The high ADX value value for GTEC suggests a strong 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)
1.39
-0.02 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.42%
1 Week0%
2 Weeks9.45%
1 Month-10.9%
3 Month-29.44%
6 Month6.11%
12 Month-30.5%
2 Year-50.71%
3 Year-58.01%
5 Year-54.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%8.53%
ATR Inc-51.81%
Range Today0.04
ADR(20)0.12
ADR(20)%8.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.85
Mansfield-3.57
10 Day High1.45
10 Day Low1.14
20 Day High1.67
20 Day Low1.14
52 Week High2.94
52 Week Low1.14
CS1 End1.26
CR1 Start1.4
Volume & EV
DER(3)-0.27%
DER(5)2.68%
Volume50.40K
Volume Incr-77.2%
Vol(5)71.78K
Vol(50)195.49K