Global Telcom & Technology Inc (GTT) Stock Technical Analysis
NYSE:GTT - New York Stock Exchange, Inc. -
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.
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 part of the IT Services industry. There are 82 other stocks in this industry, of which 81% 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.
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
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.
When analyzing the resistance we notice 3 important 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.
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. |
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)
2.36
-0.07 (-2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.88%
1 Week-20.81%
2 Weeks-0.84%
1 Month-32.38%
3 Month26.2%
6 Month-33.89%
12 Month-71.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%17.44%
ATR Inc-11.56%
Range Today0.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.33
Mansfield-4.73
10 Day High3.27
10 Day Low2.05
20 Day High3.46
20 Day Low1.97
52 Week High8.38
52 Week Low1.37
CS1 End2.04
CR1 Start3
Volume & EV
DER(3)-2.53%
DER(5)-3.15%
Volume4.15M
Volume Incr-47.13%
Vol(5)8.00M
Vol(50)7.32M