GALECTIN THERAPEUTICS INC (GALT) Stock Technical Analysis
NASDAQ:GALT - Nasdaq - US3632252025 - Common Stock - Currency: USD
Overall GALT gets a technical rating of 0 out of 10. GALT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% of all other stocks performed better in the past year than GALT.
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 an average performer in the Biotechnology industry, it outperforms 46% of 560 stocks in the same industry.
Although the technical rating is bad, GALT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.30, a Stop Loss order could be placed below this zone.
More info and screens
1.20
2.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 3 important areas.
- A resistance zone ranging from 1.39 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.47 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 | NEUTRAL | NEUTRAL | The short term trend for GALT is neutral. |
| ChartMill Relative Strength | 9.97 | NEGATIVE | GALT has a low relative strength, it was outperformed by 90.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GALT is below a declining 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) | 47.63 | 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) | 19.09 | OVERSOLD | The low Stochastics value suggests GALT may be oversold. |
| Average True Range in percent/ATR (20) | 9.35 | HIGH VOLATILITY | The high ATR as a percentage value for GALT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.16 | 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)
1.31
+0.03 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.34%
1 Week-1.5%
2 Weeks-5.76%
1 Month-0.76%
3 Month-16.56%
6 Month-54.67%
12 Month-51.84%
2 Year-16.56%
3 Year1.55%
5 Year-56.77%
10 Year-47.81%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%9.35%
ATR Inc-49.6%
Range Today0.08
ADR(20)0.12
ADR(20)%9.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.97
Mansfield-3.62
10 Day High1.42
10 Day Low1.21
20 Day High1.63
20 Day Low1.21
52 Week High3.17
52 Week Low0.73
CS1 End1.3
CR1 Start1.39
Volume & EV
DER(3)-0.2%
DER(5)-1.95%
Volume185.64K
Volume Incr2.53%
Vol(5)156.06K
Vol(50)218.36K