GULF RESOURCES INC (GURE) Stock Technical Analysis
USA - NASDAQ:GURE - US40251W4087 - Common Stock
0.68 USD
-0.02 (-3.23%)
0.69 USD
+0.01 (+1.47%)
Overall GURE gets a technical rating of 1 out of 10. GURE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
94% of all other stocks performed better in the past year than GURE.
GURE is part of the Chemicals industry. There are 83 other stocks in this industry, of which 82% are performing better than GURE.
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 0.66 - 0.82 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Although the technical rating is bad, GURE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GURE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.58
0.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.65 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.62 from a horizontal line in the weekly time frame.
- Support @0.61 from a horizontal line in the daily time frame.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.74 to 0.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.95 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for GURE is down. |
| ChartMill Relative Strength | 6.49 | NEGATIVE | GURE has a low relative strength, it was outperformed by 93.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GURE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GURE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GURE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for GURE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GURE has a negative trend. |
| Stochastics (14,3) | 26.92 | NEUTRAL | The Stochastics value for GURE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.9 | HIGH VOLATILITY | The high ATR as a percentage value for GURE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.35 | POSITIVE | The high ADX value value for GURE suggests a strong 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)
0.68
-0.02 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-3.23%
1 Week0.82%
2 Weeks-3%
1 Month-4.74%
3 Month-26.8%
6 Month1.5%
12 Month-32.48%
2 Year-63.17%
3 Year-79.5%
5 Year-87.48%
10 Year-90.23%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%9.9%
ATR Inc-56.44%
Range Today0.05
ADR(20)0.07
ADR(20)%9.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.49
Mansfield-1.21
10 Day High0.8
10 Day Low0.66
20 Day High0.82
20 Day Low0.66
52 Week High1.47
52 Week Low0.5
CS1 End0.67
CR1 Start0.74
Volume & EV
DER(3)10.95%
DER(5)8.44%
Volume54.08K
Volume Incr-25.82%
Vol(5)47.08K
Vol(50)51.48K