GUIDEWIRE SOFTWARE INC (GWRE) Stock Technical Analysis
NYSE:GWRE - New York Stock Exchange, Inc. - US40171V1008 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GWRE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GWRE is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, GWRE did better than 94% of all other stocks. We also observe that the gains produced by GWRE over the past year are nicely spread over this period.
GWRE is one of the better performing stocks in the Software industry, it outperforms 87% of 282 stocks in the same industry.
GWRE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GWRE is performing more or less in line with the market.
GWRE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GWRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 217.04. Right above this resistance zone may be a good entry point.
More info and screens
168.98
220.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 207.99 to 209.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.86 from a trend line in the daily time frame.
- Support @176.34 from a trend line in the daily time frame.
- Support @170.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 217.04 to 218.23. 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 | UP | POSITIVE | The long term trend for GWRE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GWRE is neutral. |
| ChartMill Relative Strength | 94.27 | POSITIVE | GWRE has a high relative strength, it outperformed 94.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GWRE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GWRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GWRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.13 | NEUTRAL | The RSI value for GWRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests GWRE has a negative trend. |
| Stochastics (14,3) | 31.09 | NEUTRAL | The Stochastics value for GWRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for GWRE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.14 | NEGATIVE | The low ADX value for GWRE 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 213.50 | 207.98 | 5.52 (2.59%) | 25.00% |
| An entry @213.50. This is a Buy Stop order right above the 10 day moving average. | An exit @207.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.52 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GWRE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
209.94
+1.94 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.93%
1 Week-3.27%
2 Weeks-1.7%
1 Month6.33%
3 Month3.06%
6 Month3.51%
12 Month73.62%
2 Year153%
3 Year162.62%
5 Year104.66%
10 Year333.31%
15 YearN/A
Volatility
ATR(14)4.56
ATR(20)%2.27%
ATR Inc13.87%
Range Today4.98
ADR(20)4.52
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.27
Mansfield1.73
10 Day High218.33
10 Day Low205.5
20 Day High218.33
20 Day Low196.48
52 Week High219.59
52 Week Low107.65
CS1 End209.93
CR1 Start217.04
Volume & EV
DER(3)2.52%
DER(5)1.75%
Volume988.70K
Volume Incr17.75%
Vol(5)734.02K
Vol(50)750.64K