GTT Technical Analysis - Global Telcom & Technology Inc

Technical Rating and Analysis

Overall GTT gets a technical rating of 4 out of 10. 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.

95% of all other stocks performed better in the past year than GTT.

GTT is part of the IT Services industry. There are 86 other stocks in this industry, of which 76% are performing better than GTT.

GTT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Global Telcom & Technology Inc / GTT Weekly stock chart

Global Telcom & Technology Inc / GTT Daily stock chart

Setup Rating and Analysis

GTT 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.99

3.30

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.

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What is Support and Resistance

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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.