GITLAB INC-CL A (GTLB)

US37637K1088 - Common Stock

55.64  +1.22 (+2.24%)

Technical Rating and Analysis

4

Taking everything into account, GTLB scores 4 out of 10 in our technical rating. Although GTLB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
Looking at the yearly performance, GTLB did better than 90% of all other stocks. We also observe that the gains produced by GTLB over the past year are nicely spread over this period.
GTLB is part of the Software industry. There are 276 other stocks in this industry. GTLB outperforms 82% of them.
GTLB has an average volume of 2748120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GTLB 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 GTLB is lagging the market slightly.
In the last month GTLB has a been trading in the 50.74 - 59.88 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.
Weekly and Daily overview Charts
GTLB Weekly chart
GTLB Daily chart
Setup Rating and Analysis

7

GTLB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 52.26, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

50.97

60.47

We found 2 important support areas.

  • A support zone ranging from 54.35 to 55.25. 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 51.48 to 52.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 58.24 to 59.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.97
Mansfield-0.47
10 Day High56.99
10 Day Low50.74
20 Day High59.88
20 Day Low50.74
52 Week High78.53
52 Week Low28.39
Performance
1 Week-2.84%
2 Weeks3.54%
1 Month-3.85%
3 Month-24.78%
6 Month28.47%
12 Month96.39%
2 Year39.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.19
RSI(14)44.99
LBB51.09
UBB57.1
GTLB Daily chart

GITLAB INC-CL A

NASDAQ:GTLB (5/3/2024, 9:36:05 AM)

55.64

+1.22 (+2.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.24%
1 Week-2.84%
2 Weeks3.54%
1 Month-3.85%
3 Month-24.78%
6 Month28.47%
12 Month96.39%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.2
ATR(20)%3.98%
ATR Inc
Range Today0.28
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High56.99
10 Day Low50.74
20 Day High59.88
20 Day Low50.74
52 Week High78.53
52 Week Low28.39
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.11K
Volume Incr-12.54%
Vol(5)1.51M
Vol(50)2.75M