GREENLAND TECHNOLOGIES-A (GTEC) Stock Technical Analysis
NASDAQ:GTEC • VGG4095T1075
We assign a technical rating of 0 out of 10 to GTEC. GTEC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GTEC is a bad performer in the overall market: 93% of all stocks are doing better.
- GTEC is one of the lesser performing stocks in the Machinery industry. 86% of 130 stocks in the same industry do better.
- GTEC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GTEC has a been trading in the 0.69 - 0.99 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of GTEC is bad and it also does not present a 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
0.69
4 important resistance areas can be observed.
- Resistance @0.74 from a trend line in the daily time frame.
- Resistance @1.09 from a trend line in the weekly time frame.
- Resistance @1.21 from a trend line in the weekly time frame.
- Resistance @1.34 from a trend 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 | 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 | 7.87 | NEGATIVE | GTEC has a low relative strength, it was outperformed by 92.13% 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) | 38.73 | 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. |
| Stochastics (14,3) | 8.83 | OVERSOLD | The low Stochastics value suggests GTEC may be oversold. |
| Average True Range in percent/ATR (20) | 11.61 | HIGH VOLATILITY | The high ATR as a percentage value for GTEC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for GTEC suggests a weak or negative trend. |
0.7
-0.04 (-5.41%)
GREENLAND TECHNOLOGIES-A / GTEC FAQ
Can you provide the ChartMill technical rating for GREENLAND TECHNOLOGIES-A?
ChartMill assigns a technical rating of 0 / 10 to GTEC.
What is the current trend direction of GREENLAND TECHNOLOGIES-A (GTEC) stock?
The current trend direction for GREENLAND TECHNOLOGIES-A (GTEC) is Bearish.
Can you provide the RSI signal for GREENLAND TECHNOLOGIES-A?
GREENLAND TECHNOLOGIES-A (GTEC) has an RSI value of 38.7339. This indicates that the stock is currently neutral.
What is the MACD signal for GREENLAND TECHNOLOGIES-A (GTEC) stock?
The MACD indicator for GREENLAND TECHNOLOGIES-A (GTEC) has a value of -0.0100503, indicating a bearish trend.
What is the buy/sell signal for GREENLAND TECHNOLOGIES-A (GTEC) stock?
The buy/sell signal for GREENLAND TECHNOLOGIES-A (GTEC) is sell as both the short term and long term trends are negative.