GWRE Technical Analysis - GUIDEWIRE SOFTWARE INC

Technical Rating and Analysis

Taking everything into account, GWRE scores 10 out of 10 in our technical rating. 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 and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that GWRE is one of the better performing stocks in the market, outperforming 84% of all 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 75% of 285 stocks in the same industry.

GWRE 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 GWRE is lagging the market slightly.

In the last month GWRE has a been trading in the 224.04 - 254.07 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GUIDEWIRE SOFTWARE INC / GWRE Weekly stock chart

GUIDEWIRE SOFTWARE INC / GWRE Daily stock chart

Setup Rating and Analysis

Although GWRE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

205.92

264.51

When analyzing the support we can see 4 important areas.

A support zone ranging from 236.36 to 239.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 226.99 to 231.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @220.30 from a trend line in the weekly time frame.
Support @208.00 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 257.37 to 261.89. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for GWRE is up.
ChartMill Relative Strength	84.14	POSITIVE	GWRE has a high relative strength, it outperformed 84.14% 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)	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)	68.44	NEUTRAL	The RSI value for GWRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.58	POSITIVE	The MACD value suggests GWRE has a positive trend.
Stochastics (14,3)	81.09	OVERBOUGHT	The high Stochastics value suggests GWRE may be overbought.
Average True Range in percent/ATR (20)	2.2	MEDIUM VOLATILITY	The ATR as a percentage value for GWRE suggests some volalility.
Average Directional Index/ADX (14)	19.46	NEGATIVE	The low ADX value for GWRE suggests a weak or negative trend.