GYL Technical Analysis - GYLDENDAL ASA

Technical Rating and Analysis

Taking everything into account, GYL scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GYL was also a bad performer in the overall market in the last year.

69% of all other stocks performed better in the past year than GYL.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: GYL has an average volume of 85 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

GYL is an average performer in the Specialty Retail industry, it outperforms 61% of 55 stocks in the same industry.

GYL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GYL is lagging the market.

In the last month GYL has a been trading in the 392.00 - 454.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

GYL has only a medium 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 445.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 399.99, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

395.99

477.35

When analyzing the support we notice one important area.

A support zone ranging from 399.99 to 399.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 445.73 to 454.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @472.62 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for GYL.OL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GYL.OL is neutral.
ChartMill Relative Strength	31.06	NEUTRAL	GYL.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GYL.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GYL.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GYL.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.33	NEUTRAL	The RSI value for GYL.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.37	NEGATIVE	The MACD value suggests GYL.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	35.8	NEUTRAL	The Stochastics value for GYL.OL is a neutral value.
Average True Range in percent/ATR (20)	3.77	MEDIUM VOLATILITY	The ATR as a percentage value for GYL.OL suggests some volalility.
Average Directional Index/ADX (14)	9.47	NEGATIVE	The low ADX value for GYL.OL suggests a weak or negative trend.