Greenvolt Energias Renovaveis SA (GVOLT.LS) Stock Technical Analysis
ELI:GVOLT - PTGNV0AM0001 - Common Stock
8.22 EUR
-0.02 (-0.24%)
Overall GVOLT gets a technical rating of 3 out of 10. GVOLT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
GVOLT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GVOLT is lagging the market slightly.
In the last month GVOLT has a been trading in the 7.86 - 8.34 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, GVOLT turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
GVOLT is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, GVOLT did better than 68% of them.
GVOLT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.17, a Stop Loss order could be placed below this zone.
More info and screens
7.92
8.60
We found 1 important support area.
- A support zone ranging from 8.00 to 8.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.22 to 8.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.50 to 8.51. 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 GVOLT.LS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GVOLT.LS is up. |
| ChartMill Relative Strength | 64.19 | NEUTRAL | GVOLT.LS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GVOLT.LS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GVOLT.LS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GVOLT.LS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for GVOLT.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GVOLT.LS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.97 | OVERBOUGHT | The high Stochastics value suggests GVOLT.LS may be overbought. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for GVOLT.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 24.9 | NEUTRAL | The ADX value for GVOLT.LS suggests a possible start of a new 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)
Greenvolt Energias Renovaveis SA
ELI:GVOLT (11/21/2024, 7:00:00 PM)
8.22
-0.02 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.24%
1 Week-0.12%
2 Weeks0.31%
1 Month-1.08%
3 Month-0.96%
6 Month-0.96%
12 Month20.88%
2 Year2.37%
3 Year34.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%1.22%
ATR Inc-51.6%
Range Today0.04
ADR(20)0.09
ADR(20)%1.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.19
Mansfield-1.03
10 Day High8.27
10 Day Low8.15
20 Day High8.34
20 Day Low7.86
52 Week High8.57
52 Week Low6.72
CS1 End8.17
CR1 Start8.22
Volume & EV
DER(3)0%
DER(5)0.08%
Volume2.68K
Volume Incr-87.74%
Vol(5)7.80K
Vol(50)89.23K