GALECTIN THERAPEUTICS INC (GALT) Technical Analysis
NASDAQ:GALT • US3632252025
Current stock price
GALT Technical Rating and Analysis
Overall GALT gets a technical rating of 1 out of 10. GALT 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.
- 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.
- In the last month GALT has a been trading in the 2.18 - 3.02 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that GALT is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- GALT is part of the Biotechnology industry. There are 516 other stocks in this industry, GALT did better than 58% of them.
GALT Weekly and Daily overview Charts
GALT Setup Rating and Analysis
GALT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
GALT Support and Resistance Analysis
2.25
When analyzing the support we notice one important area.
- Support @2.27 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.36 to 2.37. 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 2.45 to 2.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.57 from a horizontal line in the daily time frame.
GALT Technical Indicator Signal Analysis
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 | 76.92 | POSITIVE | GALT has a high relative strength, it outperformed 76.92% 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) | 40.98 | 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. |
| Stochastics (14,3) | 21.62 | NEUTRAL | The Stochastics value for GALT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.18 | HIGH VOLATILITY | The high ATR as a percentage value for GALT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for GALT suggests a weak or negative trend. |
GALT Chart- and CandleStick Pattern Analysis
GALT Technicals: Chart, Performance Metrics, Trend & Indicators
2.28
-0.01 (-0.44%)
GALECTIN THERAPEUTICS INC / GALT TA FAQ
What is the technical rating for GALT stock?
ChartMill assigns a technical rating of 1 / 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 GALT stock?
GALECTIN THERAPEUTICS INC (GALT) has an RSI value of 40.9786. 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 sell as both the short term and long term trends are negative.
What are the support and resistance levels for GALECTIN THERAPEUTICS INC (GALT) stock?
GALECTIN THERAPEUTICS INC (GALT) has a support level at 2.27 and a resistance level at 2.36. Check the full technical report for our detailed analysis of GALT support and resistance levels.