GIGACLOUD TECHNOLOGY INC - A (GCT)

KYG386441037 - Common Stock

17.93  +0.21 (+1.19%)

After market: 17.94 +0.01 (+0.06%)

Technical Rating and Analysis

1

Taking everything into account, GCT scores 1 out of 10 in our technical rating. GCT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
GCT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GCT is lagging the market.
In the last month GCT has a been trading in the 17.42 - 26.13 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
GCT is one of the better performing stocks in the Distributors industry, it outperforms 71% of 15 stocks in the same industry.
GCT has an average volume of 1386070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GCT is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Weekly and Daily overview Charts
GCT Weekly chart
GCT Daily chart
Setup Rating and Analysis

2

The technical rating of GCT 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.

Support and Resistance Analysis

16.91

28.61

When analyzing the support we notice one important area.

  • Support @17.08 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

  • A resistance zone ranging from 23.35 to 23.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @24.99 from a trend line in the daily time frame.
  • Resistance @25.50 from a horizontal line in the daily time frame.
  • Resistance @28.33 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.93
Mansfield-4.07
10 Day High24.59
10 Day Low17.42
20 Day High26.13
20 Day Low17.42
52 Week High45.18
52 Week Low15.18
Performance
1 Week-13.34%
2 Weeks-19.23%
1 Month-25.66%
3 Month-2.02%
6 Month-38.87%
12 Month20.66%
2 Year215.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.57
RSI(14)32.29
LBB16.63
UBB25.82
GCT Daily chart

GIGACLOUD TECHNOLOGY INC - A

NASDAQ:GCT (12/20/2024, 5:36:56 PM)

After market: 17.94 +0.01 (+0.06%)

17.93

+0.21 (+1.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg1.19%
1 Week-13.34%
2 Weeks-19.23%
1 Month-25.66%
3 Month-2.02%
6 Month-38.87%
12 Month20.66%
2 Year215.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%7.96%
ATR Inc-24.71%
Range Today0.71
ADR(20)1.3
ADR(20)%7.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.93
Mansfield-4.07
10 Day High24.59
10 Day Low17.42
20 Day High26.13
20 Day Low17.42
52 Week High45.18
52 Week Low15.18
CS1 End17.08
CR1 Start23.35
Volume & EV
DER(3)-6.22%
DER(5)-8.55%
Volume1.07M
Volume Incr-19.03%
Vol(5)1.15M
Vol(50)1.39M