GUIDEWIRE SOFTWARE INC (GWRE) Technical Analysis
NYSE:GWRE • US40171V1008
Taking everything into account, GWRE scores 2 out of 10 in our technical rating. In the past year, GWRE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, GWRE is a bad performer in the overall market: 84% of all stocks are doing better.
- GWRE 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 GWRE has a been trading in the 120.37 - 172.48 range, which is quite wide. It is currently trading near the high of this range.
- GWRE has an average volume of 1779310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- GWRE is part of the Software industry. There are 277 other stocks in this industry, GWRE did better than 59% of them.
- Volume is considerably higher in the last couple of days.
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
126.57
We found 1 important support area.
- Support @127.85 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @166.12 from a trend line in the daily time frame.
- A resistance zone ranging from 168.88 to 168.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for GWRE is up. |
| ChartMill Relative Strength | 16.4 | NEGATIVE | GWRE has a low relative strength, it was outperformed by 83.6% 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 | MIXED | The current price of GWRE is above 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) | 57.91 | NEUTRAL | The RSI value for GWRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.1 | POSITIVE | The MACD value suggests GWRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.19 | NEUTRAL | The Stochastics value for GWRE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for GWRE suggests high volalility. |
| Average Directional Index/ADX (14) | 36.81 | POSITIVE | The high ADX value value for GWRE suggests a strong trend. |
GWRE Technicals: Chart, Performance Metrics, Trend & Indicators
158.25
-0.68 (-0.43%)
GUIDEWIRE SOFTWARE INC / GWRE FAQ
Can you provide the ChartMill technical rating for GUIDEWIRE SOFTWARE INC?
ChartMill assigns a technical rating of 2 / 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 57.9095. 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 positive.
What is the support and resistance level for GWRE stock?
GUIDEWIRE SOFTWARE INC (GWRE) has a support level at 127.85 and a resistance level at 166.12. Check the full technical report for our detailed analysis of GWRE support and resistance levels.