We assign a technical rating of 0 out of 10 to GTEC. 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.
Although the technical rating is bad, GTEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.03
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.15 from a trend line in the daily time frame.
- Resistance @1.33 from a trend line in the daily time frame.
- Resistance @1.42 from a horizontal line in the daily time frame.
- Resistance @1.52 from a trend line in the weekly time frame.
- Resistance @1.80 from a trend line in the weekly 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 | 7.54 | NEGATIVE | GTEC has a low relative strength, it was outperformed by 92.46% 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) | 42.28 | NEUTRAL | The RSI value for GTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GTEC has a negative trend. |
| Stochastics (14,3) | 41.71 | NEUTRAL | The Stochastics value for GTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.16 | HIGH VOLATILITY | The high ATR as a percentage value for GTEC suggests high volalility. |
| Average Directional Index/ADX (14) | 29.05 | POSITIVE | The high ADX value value for GTEC suggests a strong trend. |
1.04
-0.05 (-4.59%)
GREENLAND TECHNOLOGIES HOLDI / GTEC FAQ
Can you provide the ChartMill technical rating for GREENLAND TECHNOLOGIES HOLDI?
ChartMill assigns a technical rating of 0 / 10 to GTEC.
What is the trend direction for GTEC stock?
The current trend direction for GREENLAND TECHNOLOGIES HOLDI (GTEC) is Bearish.
What is the RSI signal for GTEC stock?
GREENLAND TECHNOLOGIES HOLDI (GTEC) has an RSI value of 42.2847. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GREENLAND TECHNOLOGIES HOLDI?
The short term momentum for GREENLAND TECHNOLOGIES HOLDI (GTEC) is negative.
What is the support and resistance level for GTEC stock?
GREENLAND TECHNOLOGIES HOLDI (GTEC) has a resistance level at 1.1. Check the full technical report for our detailed analysis of GTEC support and resistance levels.