GULF RESOURCES INC (GURE) Stock Technical Analysis
NASDAQ:GURE - Nasdaq - US40251W4087 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to GURE. GURE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GURE is a bad performer in the overall market: 92% of all stocks are doing better.
GURE is one of the lesser performing stocks in the Chemicals industry. 82% of 85 stocks in the same industry do better.
GURE 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.
In the last month GURE has a been trading in the 0.55 - 0.99 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Considerably lower volume is observed in the last couple of days.
GURE has a poor technical rating and the quality of the setup is also not perfect 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
0.56
0.96
We found 3 important support areas.
- A support zone ranging from 0.67 to 0.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.58 from a trend line in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.95 from a horizontal line in the daily 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 GURE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GURE is neutral. |
| ChartMill Relative Strength | 8.51 | NEGATIVE | GURE has a low relative strength, it was outperformed by 91.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GURE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GURE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GURE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.41 | NEUTRAL | The RSI value for GURE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GURE has a negative trend. |
| Stochastics (14,3) | 34.09 | NEUTRAL | The Stochastics value for GURE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.4 | HIGH VOLATILITY | The high ATR as a percentage value for GURE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.77 | NEGATIVE | The low ADX value for GURE 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)
0.6898
+0 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.1%
1 Week1.43%
2 Weeks-14.84%
1 Month14.97%
3 Month-3.2%
6 Month16.34%
12 Month-40.53%
2 Year-70.01%
3 Year-82.75%
5 Year-88.77%
10 Year-92.81%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%11.4%
ATR Inc-27.3%
Range Today0.07
ADR(20)0.07
ADR(20)%10.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.51
Mansfield-1.92
10 Day High0.99
10 Day Low0.64
20 Day High0.99
20 Day Low0.55
52 Week High1.47
52 Week Low0.5
CS1 End0.68
CR1 Start0.73
Volume & EV
DER(3)8.04%
DER(5)7.21%
Volume143.60K
Volume Incr-95.47%
Vol(5)90.12K
Vol(50)836.72K