We assign a technical rating of 9 out of 10 to GALT. Both in the recent history as in the last year, GALT has proven to be a steady performer, scoring decent points in every aspect analyzed.
GALT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for GALT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.91
We found 3 important support areas.
- Support @5.48 from a trend line in the daily time frame.
- Support @5.34 from a horizontal line in the daily time frame.
- A support zone ranging from 4.96 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for GALT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GALT is up. |
| ChartMill Relative Strength | 94.92 | POSITIVE | GALT has a high relative strength, it outperformed 94.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GALT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GALT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GALT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for GALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GALT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.17 | NEUTRAL | The Stochastics value for GALT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.22 | HIGH VOLATILITY | The high ATR as a percentage value for GALT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.96 | NEUTRAL | The ADX value for GALT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.33 | 5.47 | 0.86 (13.59%) | 7.36% |
| An entry @6.33. This is a Buy Stop order right above the 10 day high. | An exit @5.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 13.59%. | For a 1.00% total portfolio risk, you can invest 7.36% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.73
-0.03 (-0.52%)
GALECTIN THERAPEUTICS INC / GALT FAQ
What is the technical rating for GALT stock?
ChartMill assigns a technical rating of 9 / 10 to GALT.
Can you provide the trend direction for GALECTIN THERAPEUTICS INC?
The current trend direction for GALECTIN THERAPEUTICS INC (GALT) is Bullish.
Can you provide the RSI signal for GALECTIN THERAPEUTICS INC?
GALECTIN THERAPEUTICS INC (GALT) has an RSI value of 54.7464. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for GALECTIN THERAPEUTICS INC?
The buy/sell signal for GALECTIN THERAPEUTICS INC (GALT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for GALECTIN THERAPEUTICS INC?
GALECTIN THERAPEUTICS INC (GALT) has a support level at 5.48. Check the full technical report for our detailed analysis of GALT support and resistance levels.