GTEC Technical Analysis - GREENLAND TECHNOLOGIES HOLDI

Technical Rating and Analysis

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.

When comparing the yearly performance of all stocks, GTEC is a bad performer in the overall market: 95% of all stocks are doing better.

GTEC is part of the Machinery industry. There are 129 other stocks in this industry, of which 85% are performing better than GTEC.

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 1.25 - 1.42 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GREENLAND TECHNOLOGIES HOLDI / GTEC Weekly stock chart

GREENLAND TECHNOLOGIES HOLDI / GTEC Daily stock chart

Setup Rating and Analysis

GTEC has a poor technical rating and the quality of the setup is also not perfect 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.24

2.00

When analyzing the support we notice one important area.

A support zone ranging from 1.25 to 1.26. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 1.33 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.40 to 1.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.76 from a trend line in the weekly time frame.
A resistance zone ranging from 1.98 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	5.37	NEGATIVE	GTEC has a low relative strength, it was outperformed by 94.63% 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)	45.9	NEUTRAL	The RSI value for GTEC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests GTEC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	68.63	NEUTRAL	The Stochastics value for GTEC is a neutral value.
Average True Range in percent/ATR (20)	4.08	MEDIUM VOLATILITY	The ATR as a percentage value for GTEC suggests some volalility.
Average Directional Index/ADX (14)	15.84	NEGATIVE	The low ADX value for GTEC suggests a weak or negative trend.