GALECTIN THERAPEUTICS INC (GALT) Stock Technical Analysis
NASDAQ:GALT • US3632252025
We assign a technical rating of 2 out of 10 to GALT. Although GALT is scoring some points because its good overall performance in the market in the past year, 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.
- GALT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- GALT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- GALT is one of the better performing stocks in the Biotechnology industry, it outperforms 70% of 523 stocks in the same industry.
- Looking at the yearly performance, GALT did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GALT 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 2.75, a Stop Loss order could be placed below this zone. 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.
More info and screens
2.68
When analyzing the support we notice one important area.
- A support zone ranging from 2.71 to 2.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.82 from a horizontal line in the daily time frame.
- Resistance @2.92 from a trend line in the daily 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 | 81.89 | POSITIVE | GALT has a high relative strength, it outperformed 81.89% 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) | UP | MIXED | The current price of GALT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.87 | NEUTRAL | The RSI value for GALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GALT has a positive trend. |
| Stochastics (14,3) | 22.34 | NEUTRAL | The Stochastics value for GALT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.89 | HIGH VOLATILITY | The high ATR as a percentage value for GALT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for GALT suggests a strong trend. |
2.76
-0.05 (-1.78%)
GALECTIN THERAPEUTICS INC / GALT FAQ
What is the technical rating for GALT stock?
ChartMill assigns a technical rating of 2 / 10 to GALT.
What is the trend direction for GALT stock?
The current trend direction for GALECTIN THERAPEUTICS INC (GALT) is Bearish.
What is the RSI signal for GALECTIN THERAPEUTICS INC (GALT) stock?
GALECTIN THERAPEUTICS INC (GALT) has an RSI value of 36.8691. This indicates that the stock is currently neutral.
What is the MACD signal for GALECTIN THERAPEUTICS INC (GALT) stock?
The MACD indicator for GALECTIN THERAPEUTICS INC (GALT) has a value of 0.0424995, indicating a bearish trend.
What is the support and resistance level for GALT stock?
GALECTIN THERAPEUTICS INC (GALT) has a support level at 2.75 and a resistance level at 2.82. Check the full technical report for our detailed analysis of GALT support and resistance levels.