GITLAB INC-CL A (GTLB) Stock Technical Analysis
NASDAQ:GTLB - Nasdaq - US37637K1088 - Common Stock - Currency: USD
Overall GTLB gets a technical rating of 0 out of 10. GTLB 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.
82% of all other stocks performed better in the past year than GTLB.
GTLB is part of the Software industry. There are 284 other stocks in this industry, of which 64% are performing better than GTLB.
GTLB is currently trading in the lower part 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.
In the last month GTLB has a been trading in the 41.01 - 52.59 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
GTLB has an average volume of 3786480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of GTLB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.10
71.67
When analyzing the support we notice one important area.
- A support zone ranging from 40.51 to 41.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @49.49 from a trend line in the daily time frame.
- A resistance zone ranging from 53.13 to 53.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @70.96 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 GTLB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GTLB is down. |
| ChartMill Relative Strength | 18.78 | NEGATIVE | GTLB has a low relative strength, it was outperformed by 81.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GTLB is below a declining 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) | 31.84 | NEUTRAL | The RSI value for GTLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests GTLB has a negative trend. |
| Stochastics (14,3) | 15.6 | OVERSOLD | The low Stochastics value suggests GTLB may be oversold. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for GTLB suggests high volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for GTLB suggests a weak or negative trend. |
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)
41.23
-2.48 (-5.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.67%
1 Week-15.46%
2 Weeks-9.4%
1 Month-20.42%
3 Month-20.83%
6 Month-29.64%
12 Month-7.37%
2 Year-19.33%
3 Year-22.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.24
ATR(20)%5.28%
ATR Inc5.23%
Range Today1.99
ADR(20)1.89
ADR(20)%4.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.78
Mansfield-2.64
10 Day High50.5
10 Day Low41.01
20 Day High52.59
20 Day Low41.01
52 Week High74.18
52 Week Low37.9
CS1 End41.08
CR1 Start49.49
Volume & EV
DER(3)-0.11%
DER(5)-0.71%
Volume7.05M
Volume Incr298.84%
Vol(5)11.83M
Vol(50)3.79M