GAIN THERAPEUTICS INC (GANX) Stock Technical Analysis
NASDAQ:GANX - Nasdaq - US36269B1052 - Common Stock - Currency: USD
Taking everything into account, GANX scores 1 out of 10 in our technical rating. GANX 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.
In the last month GANX has a been trading in the 1.53 - 2.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, GANX turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
GANX is part of the Biotechnology industry. There are 558 other stocks in this industry, GANX did better than 67% of them.
GANX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GANX is lagging the market.
GANX has a bad technical rating, but it does show a decent setup pattern. 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 1.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.60, a Stop Loss order could be placed below this zone.
More info and screens
1.52
2.73
We found 1 important support area.
- A support zone ranging from 1.54 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 1.81 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.87 from a trend line in the daily time frame.
- Resistance @1.94 from a trend line in the weekly time frame.
- Resistance @2.01 from a horizontal line in the daily time frame.
- Resistance @2.49 from a trend line in the daily time frame.
- Resistance @2.70 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for GANX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GANX is down. |
| ChartMill Relative Strength | 61.16 | NEUTRAL | GANX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GANX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GANX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GANX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.55 | NEUTRAL | The RSI value for GANX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GANX has a negative trend. |
| Stochastics (14,3) | 21.94 | NEUTRAL | The Stochastics value for GANX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.86 | HIGH VOLATILITY | The high ATR as a percentage value for GANX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.11 | NEGATIVE | The low ADX value for GANX 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)
1.61
-0.01 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.62%
1 Week-9.04%
2 Weeks-1.53%
1 Month-5.85%
3 Month-10.56%
6 Month-29.39%
12 Month33.06%
2 Year-59.45%
3 Year-59.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%9.86%
ATR Inc-27.02%
Range Today0.07
ADR(20)0.15
ADR(20)%9.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.16
Mansfield-2.01
10 Day High1.93
10 Day Low1.53
20 Day High2.04
20 Day Low1.53
52 Week High3.19
52 Week Low0.89
CS1 End1.6
CR1 Start1.81
Volume & EV
DER(3)-7.74%
DER(5)-2.46%
Volume195.60K
Volume Incr38.38%
Vol(5)439.88K
Vol(50)282.39K