GUIDEWIRE SOFTWARE INC (GWRE) Technical Analysis
NYSE:GWRE • US40171V1008
We assign a technical rating of 1 out of 10 to GWRE. GWRE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 85% of all other stocks performed better in the past year than GWRE.
- GWRE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GWRE is lagging the market.
- In the last month GWRE has a been trading in the 120.37 - 154.35 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- GWRE has an average volume of 1593560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GWRE is an average performer in the Software industry, it outperforms 57% of 276 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of GWRE is bad and it also does not present a quality setup 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
126.36
When analyzing the support we notice one important area.
- Support @127.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 151.94 to 151.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @156.26 from a trend line in the daily time frame.
- A resistance zone ranging from 255.77 to 257.37. 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 | DOWN | NEGATIVE | The long term trend for GWRE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GWRE is neutral. |
| ChartMill Relative Strength | 15.62 | NEGATIVE | GWRE has a low relative strength, it was outperformed by 84.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GWRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GWRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.1 | NEUTRAL | The RSI value for GWRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.91 | POSITIVE | The MACD value suggests GWRE has a positive trend. |
| Stochastics (14,3) | 92.64 | OVERBOUGHT | The high Stochastics value suggests GWRE may be overbought. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for GWRE suggests high volalility. |
| Average Directional Index/ADX (14) | 40.67 | POSITIVE | The high ADX value value for GWRE suggests a strong trend. |
GWRE Technicals: Chart, Performance Metrics, Trend & Indicators
151.93
+2.92 (+1.96%)
GUIDEWIRE SOFTWARE INC / GWRE FAQ
Can you provide the ChartMill technical rating for GUIDEWIRE SOFTWARE INC?
ChartMill assigns a technical rating of 1 / 10 to GWRE.
Can you provide the trend direction for GUIDEWIRE SOFTWARE INC?
The current trend direction for GUIDEWIRE SOFTWARE INC (GWRE) is Bearish.
What is the RSI signal for GWRE stock?
GUIDEWIRE SOFTWARE INC (GWRE) has an RSI value of 58.0977. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GUIDEWIRE SOFTWARE INC?
The short term momentum for GUIDEWIRE SOFTWARE INC (GWRE) is neutral.
What is the support and resistance level for GWRE stock?
GUIDEWIRE SOFTWARE INC (GWRE) has a support level at 127.64 and a resistance level at 151.94. Check the full technical report for our detailed analysis of GWRE support and resistance levels.