GBIO Technical Analysis - GENERATION BIO CO

Technical Rating and Analysis

Taking everything into account, GBIO scores 4 out of 10 in our technical rating. GBIO 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

GBIO 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 GBIO has a been trading in the 5.51 - 6.48 range, which is quite wide. It is currently trading near the lows of this range.

When compared to the yearly performance of all other stocks, GBIO outperforms 59% of them, which is more or less in line with the market.

GBIO is an average performer in the Biotechnology industry, it outperforms 59% of 538 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GENERATION BIO CO / GBIO Weekly stock chart

GENERATION BIO CO / GBIO Daily stock chart

Setup Rating and Analysis

GBIO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.03

6.52

3 important support areas can be observed.

Support @5.73 from a horizontal line in the weekly time frame.
Support @5.58 from a horizontal line in the daily time frame.
Support @5.08 from a trend line in the daily time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 5.83 to 5.85. 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 5.95 to 6.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @6.16 from a horizontal line in the daily time frame.
Resistance @6.46 from a horizontal line in the weekly time frame.

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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 GBIO is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GBIO is neutral.
ChartMill Relative Strength	59.01	NEUTRAL	GBIO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GBIO is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GBIO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GBIO is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.72	NEUTRAL	The RSI value for GBIO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests GBIO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	33.78	NEUTRAL	The Stochastics value for GBIO is a neutral value.
Average True Range in percent/ATR (20)	5.53	HIGH VOLATILITY	The high ATR as a percentage value for GBIO suggests high volalility.
Average Directional Index/ADX (14)	23.29	NEUTRAL	The ADX value for GBIO suggests a possible start of a new trend.