GITLAB INC-CL A (GTLB) Technical Analysis
NASDAQ:GTLB • US37637K1088
Current stock price
20.67 USD
+0.01 (+0.05%)
At close:
20.54 USD
-0.13 (-0.63%)
Pre-Market:
GTLB Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to GTLB. GTLB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than GTLB.
- GTLB is part of the Software industry. There are 278 other stocks in this industry, of which 77% are performing better than GTLB.
- GTLB is currently making a new 52 week low. This is a very bad signal. The S&P500 Index 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 20.41 - 28.33 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.
- GTLB has an average volume of 6439780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GTLB Weekly and Daily overview Charts
GTLB Setup Rating and Analysis
The technical rating of GTLB is bad and it also does not present a quality setup 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.
More info and screens
GTLB Support and Resistance Analysis
20.46
52.00
5 important resistance areas can be observed.
- Resistance @21.24 from a trend line in the daily time frame.
- Resistance @22.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.49 to 28.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.82 from a trend line in the weekly time frame.
- Resistance @51.49 from a horizontal line in the weekly time frame.
GTLB 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 GTLB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GTLB is down. |
| ChartMill Relative Strength | 4.85 | NEGATIVE | GTLB has a low relative strength, it was outperformed by 95.15% 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) | 24.94 | OVERSOLD | The low RSI value suggests GTLB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GTLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 5.8 | OVERSOLD | The low Stochastics value suggests GTLB may be oversold. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for GTLB suggests high volalility. |
| Average Directional Index/ADX (14) | 38.99 | POSITIVE | The high ADX value value for GTLB suggests a strong trend. |
GTLB Chart- and CandleStick Pattern Analysis
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)
GTLB Technicals: Chart, Performance Metrics, Trend & Indicators
20.67
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.05%
1 Week-8.66%
2 Weeks-10.75%
1 Month-20.41%
3 Month-45.38%
6 Month-56.46%
12 Month-57.28%
2 Year-64.56%
3 Year-39.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.02
ATR(20)%6.71%
ATR Inc23.52%
Range Today1.18
ADR(20)1.22
ADR(20)%5.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.85
3 months CRS5.1
6 months CRS7.38
Mansfield-5.12
10 Day High24.03
10 Day Low20.41
20 Day High28.33
20 Day Low20.41
52 Week High54.08
52 Week Low20.41
CS1 EndN/A
CR1 Start21.24
Volume & EV
DER(3)-0.76%
DER(5)-0.71%
Volume4.29M
Volume Incr-29.42%
Vol(5)5.63M
Vol(50)6.44M
GITLAB INC-CL A / GTLB TA FAQ
What is the ChartMill technical rating of GITLAB INC-CL A (GTLB) stock?
ChartMill assigns a technical rating of 0 / 10 to GTLB.
What is the current trend direction of GITLAB INC-CL A (GTLB) stock?
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 24.9354. This indicates that the stock is currently oversold.
What is the short term momentum for GTLB stock?
The short term momentum for GITLAB INC-CL A (GTLB) is negative.
What is the buy/sell signal for GITLAB INC-CL A (GTLB) stock?
The buy/sell signal for GITLAB INC-CL A (GTLB) is sell as both the short term and long term trends are negative.