Global Telcom & Technology Inc (GTT) Technical Analysis
NYSE:GTT
Current stock price
GTT Technical Rating and Analysis
Taking everything into account, GTT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GTT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, GTT is a bad performer in the overall market: 95% of all stocks are doing better.
- GTT is one of the lesser performing stocks in the IT Services industry. 77% of 88 stocks in the same industry do better.
- GTT 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 GTT is lagging the market.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- GTT has an average volume of 7320400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GTT has a been trading in the 1.97 - 3.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GTT Weekly and Daily overview Charts
GTT Setup Rating and Analysis
Although the technical rating is only medium, GTT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
GTT Support and Resistance Analysis
1.99
When analyzing the support we notice one important area.
- A support zone ranging from 2.01 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- Resistance @3.00 from a trend line in the daily time frame.
- Resistance @3.12 from a trend line in the daily time frame.
- Resistance @3.27 from a trend line in the weekly time frame.
GTT 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 | NEUTRAL | NEUTRAL | The long term trend for GTT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTT is up. |
| ChartMill Relative Strength | 5.33 | NEGATIVE | GTT has a low relative strength, it was outperformed by 94.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GTT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.29 | NEUTRAL | The RSI value for GTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GTT has a negative trend. |
| Stochastics (14,3) | 34.87 | NEUTRAL | The Stochastics value for GTT is a neutral value. |
| Average True Range in percent/ATR (20) | 17.44 | HIGH VOLATILITY | The high ATR as a percentage value for GTT suggests high volalility. |
GTT Chart- and CandleStick Pattern Analysis
GTT Technicals: Chart, Performance Metrics, Trend & Indicators
2.36
-0.07 (-2.88%)
Global Telcom & Technology Inc / GTT TA FAQ
What is the ChartMill technical rating of Global Telcom & Technology Inc (GTT) stock?
ChartMill assigns a technical rating of 4 / 10 to GTT.
Can you provide the trend direction for Global Telcom & Technology Inc?
The current trend direction for Global Telcom & Technology Inc (GTT) is Bearish.
What is the RSI signal for Global Telcom & Technology Inc (GTT) stock?
Global Telcom & Technology Inc (GTT) has an RSI value of 50.2902. This indicates that the stock is currently neutral.
What is the MACD signal for GTT stock?
The MACD indicator for Global Telcom & Technology Inc (GTT) has a value of -0.0334904, indicating a bearish trend.
What are the support and resistance levels for Global Telcom & Technology Inc (GTT) stock?
Global Telcom & Technology Inc (GTT) has a support level at 2.04 and a resistance level at 3. Check the full technical report for our detailed analysis of GTT support and resistance levels.