2GB Technical Analysis - 2G ENERGY AG

Technical Rating and Analysis

Taking everything into account, 2GB scores 5 out of 10 in our technical rating. 2GB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month 2GB has a been trading in the 31.70 - 38.75 range, which is quite wide. It is currently trading near the lows of this range.

Warning: 2GB has an average volume of 28831 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Looking at the yearly performance, 2GB did better than 89% of all other stocks. On top of that, 2GB also shows a nice and consistent pattern of rising prices.

2GB is one of the better performing stocks in the Electrical Equipment industry, it outperforms 88% of 60 stocks in the same industry.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

2GB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 2GB is lagging the market.

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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

Although the technical rating is only medium, 2GB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 32.09, 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

25.78

33.76

2 important support areas can be observed.

A support zone ranging from 31.94 to 32.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @26.04 from a trend line in the weekly time frame.

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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 2GB.DE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 2GB.DE is down.
ChartMill Relative Strength	89.76	POSITIVE	2GB.DE has a high relative strength, it outperformed 89.76% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 2GB.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 2GB.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 2GB.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.44	NEUTRAL	The RSI value for 2GB.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.48	NEGATIVE	The MACD value suggests 2GB.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	4.58	OVERSOLD	The low Stochastics value suggests 2GB.DE may be oversold.
Average True Range in percent/ATR (20)	4.17	MEDIUM VOLATILITY	The ATR as a percentage value for 2GB.DE suggests some volalility.
Average Directional Index/ADX (14)	21.18	NEUTRAL	The ADX value for 2GB.DE suggests a possible start of a new trend.