GITLAB INC-CL A (GTLB) Stock Technical Analysis
NASDAQ:GTLB - Nasdaq - US37637K1088 - Common Stock - Currency: USD
Overall GTLB gets a technical rating of 1 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.
81% of all other stocks performed better in the past year than GTLB.
GTLB is one of the lesser performing stocks in the Software industry. 64% of 283 stocks in the same industry do better.
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 44.53 - 54.08 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 2527400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GTLB has a poor technical rating and the quality of the setup is also only medium 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
40.10
71.95
2 important support areas can be observed.
- Support @42.24 from a horizontal line in the weekly time frame.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.32 to 51.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 53.13 to 53.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @71.24 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 | 19.99 | NEGATIVE | GTLB has a low relative strength, it was outperformed by 80.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GTLB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GTLB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GTLB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.84 | NEUTRAL | The RSI value for GTLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests GTLB has a negative trend. |
| Stochastics (14,3) | 32.39 | NEUTRAL | The Stochastics value for GTLB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GTLB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.5 | 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)
47.5
-0.27 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.57%
1 Week-7.75%
2 Weeks-3.38%
1 Month0.72%
3 Month-25.92%
6 Month-28.7%
12 Month-13.9%
2 Year28.52%
3 Year21.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.15
ATR(20)%4.22%
ATR Inc-18.27%
Range Today1.81
ADR(20)1.81
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.99
Mansfield-1.31
10 Day High54.08
10 Day Low46
20 Day High54.08
20 Day Low44.53
52 Week High74.18
52 Week Low37.9
CS1 End42.24
CR1 Start51.32
Volume & EV
DER(3)0.4%
DER(5)1.48%
Volume1.87M
Volume Incr41.24%
Vol(5)2.99M
Vol(50)2.53M