GITLAB INC-CL A (GTLB) Stock Technical Analysis
USA - NASDAQ:GTLB - US37637K1088 - Common Stock
Taking everything into account, GTLB scores 6 out of 10 in our technical rating. In the last year, GTLB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
GTLB has only a medium 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 49.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.97, a Stop Loss order could be placed below this zone.
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40.68
4 important support areas can be observed.
- A support zone ranging from 46.45 to 46.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.38 to 44.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.46 to 43.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.09 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 49.02 to 49.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 50.31 to 50.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.15 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 | NEUTRAL | NEUTRAL | The long term trend for GTLB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTLB is up. |
| ChartMill Relative Strength | 24 | NEGATIVE | GTLB has a low relative strength, it was outperformed by 76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GTLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.68 | NEUTRAL | The RSI value for GTLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests GTLB has a positive trend. |
| Stochastics (14,3) | 69.85 | NEUTRAL | The Stochastics value for GTLB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for GTLB suggests high volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for GTLB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.12 | 46.44 | 2.68 (5.46%) | 18.33% |
| An entry @49.12. This is a Buy Stop order right above the resistance zone. | An exit @46.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.68 points, which is 5.46%. | When investing 18.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GTLB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.53
+0.41 (+0.85%)
GITLAB INC-CL A / GTLB FAQ
What is the ChartMill technical rating of GITLAB INC-CL A (GTLB) stock?
ChartMill assigns a technical rating of 6 / 10 to GTLB.
Can you provide the trend direction for GITLAB INC-CL A?
The current trend direction for GITLAB INC-CL A (GTLB) is Bearish.
What is the RSI signal for GTLB stock?
GITLAB INC-CL A (GTLB) has an RSI value of 54.6759. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GITLAB INC-CL A?
The MACD indicator for GITLAB INC-CL A (GTLB) has a value of 0.3282, indicating a bearish trend.
What is the short term momentum for GTLB stock?
The short term momentum for GITLAB INC-CL A (GTLB) is positive.