GELS Technical Analysis - GELTEQ LTD

Technical Rating and Analysis

Overall GELS gets a technical rating of 0 out of 10. GELS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, GELS is a bad performer in the overall market: 100% of all stocks are doing better.

GELS is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 91% are performing better than GELS.

In the last month GELS has a been trading in the 1.20 - 1.60 range, which is quite wide. It is currently trading near the lows of this range.

GELS has an average volume of 1627660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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

Setup Rating and Analysis

Although the technical rating is bad, GELS does present a nice setup opportunity. 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

0.99

2.92

We found 3 important support areas.

Support @1.25 from a horizontal line in the weekly time frame.
Support @1.23 from a horizontal line in the daily time frame.
Support @1.00 from a trend line in the daily time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 1.29 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.36 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @1.49 from a trend line in the weekly time frame.
Resistance @2.89 from a horizontal line in the daily 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 GELS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GELS is down.
ChartMill Relative Strength	0	NEGATIVE	GELS has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GELS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GELS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GELS is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.79	NEUTRAL	The RSI value for GELS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests GELS has a positive trend.
Stochastics (14,3)	19.17	OVERSOLD	The low Stochastics value suggests GELS may be oversold.
Average True Range in percent/ATR (20)	8.89	HIGH VOLATILITY	The high ATR as a percentage value for GELS suggests high volalility.
Average Directional Index/ADX (14)	24.5	NEUTRAL	The ADX value for GELS suggests a possible start of a new trend.