GALECTIN THERAPEUTICS INC (GALT) Stock Technical Analysis
NASDAQ:GALT - Nasdaq - US3632252025 - Common Stock - Currency: USD
Taking everything into account, GALT scores 1 out of 10 in our technical rating. GALT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GALT is a bad performer in the overall market: 91% of all stocks are doing better.
GALT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GALT is lagging the market.
In the last month GALT has a been trading in the 1.21 - 1.63 range, which is quite wide. It is currently trading near the lows of this range.
GALT is part of the Biotechnology industry. There are 560 other stocks in this industry, GALT did better than 44% of them.
Although the technical rating is bad, GALT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.20
2.08
When analyzing the support we can see 2 important areas.
- Support @1.27 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.29 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.46 from a trend line in the daily time frame.
- Resistance @2.06 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for GALT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GALT is down. |
| ChartMill Relative Strength | 9.52 | NEGATIVE | GALT has a low relative strength, it was outperformed by 90.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GALT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GALT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GALT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.11 | NEUTRAL | The RSI value for GALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GALT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.89 | OVERSOLD | The low Stochastics value suggests GALT may be oversold. |
| Average True Range in percent/ATR (20) | 9.3 | HIGH VOLATILITY | The high ATR as a percentage value for GALT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.46 | NEGATIVE | The low ADX value for GALT suggests a weak or negative trend. |
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)
1.29
-0.02 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.53%
1 Week0%
2 Weeks-2.27%
1 Month3.2%
3 Month-17.83%
6 Month-55.36%
12 Month-52.57%
2 Year-17.83%
3 Year0%
5 Year-57.43%
10 Year-48.61%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%9.3%
ATR Inc-43.23%
Range Today0.06
ADR(20)0.12
ADR(20)%9.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.52
Mansfield-3.68
10 Day High1.4
10 Day Low1.21
20 Day High1.63
20 Day Low1.21
52 Week High3.17
52 Week Low0.73
CS1 End1.27
CR1 Start1.29
Volume & EV
DER(3)-5.59%
DER(5)-2.82%
Volume122.17K
Volume Incr-2.86%
Vol(5)151.98K
Vol(50)213.09K