GALECTIN THERAPEUTICS INC (GALT) Stock Technical Analysis
NASDAQ:GALT - Nasdaq - US3632252025 - Common Stock - Currency: USD
Overall GALT gets a technical rating of 9 out of 10. 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
GALT is one of the better performing stocks in the Biotechnology industry, it outperforms 89% of 558 stocks in the same industry.
Looking at the yearly performance, GALT did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
GALT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GALT is lagging the market.
In the last month GALT has a been trading in the 1.33 - 3.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GALT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.21
2.88
3 important support areas can be observed.
- Support @2.22 from a trend line in the daily time frame.
- Support @1.25 from a horizontal line in the daily time frame.
- Support @1.22 from a horizontal 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 | 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 | 93.59 | POSITIVE | GALT has a high relative strength, it outperformed 93.59% 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) | 69.11 | NEUTRAL | The RSI value for GALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GALT has a positive trend. |
| Stochastics (14,3) | 63.16 | NEUTRAL | The Stochastics value for GALT is a neutral value. |
| Average True Range in percent/ATR (20) | 15.65 | HIGH VOLATILITY | The high ATR as a percentage value for GALT suggests high volalility. |
| Average Directional Index/ADX (14) | 56.37 | POSITIVE | The high ADX value value for GALT suggests a strong 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)
2.85
+0.34 (+13.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg13.55%
1 Week32.56%
2 Weeks22.32%
1 Month112.69%
3 Month106.52%
6 Month129.84%
12 Month17.77%
2 Year90%
3 Year26.11%
5 Year9.2%
10 Year10.89%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%15.65%
ATR Inc-32.62%
Range Today0.34
ADR(20)0.44
ADR(20)%15.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.59
Mansfield3.58
10 Day High2.85
10 Day Low2.07
20 Day High3.9
20 Day Low1.33
52 Week High3.9
52 Week Low0.73
CS1 End2.22
CR1 StartN/A
Volume & EV
DER(3)6.43%
DER(5)5%
Volume509.40K
Volume Incr-74.8%
Vol(5)366.26K
Vol(50)702.09K