GELTEQ LTD (GELS) Technical Analysis
NASDAQ:GELS • AU0000218109
We assign a technical rating of 0 out of 10 to GELS. 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.
- 89% of all other stocks performed better in the past year than GELS.
- GELS is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 64% are performing better than GELS.
- GELS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GELS is lagging the market.
- GELS has an average volume of 1225380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GELS has a been trading in the 0.64 - 0.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GELS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.79. Right above this resistance zone may be a good entry point.
More info and screens
0.77
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.79 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.02 from a trend 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 | 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 | 11.05 | NEGATIVE | GELS has a low relative strength, it was outperformed by 88.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GELS is above 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) | 47.61 | NEUTRAL | The RSI value for GELS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GELS has a positive trend. |
| Stochastics (14,3) | 54.51 | NEUTRAL | The Stochastics value for GELS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for GELS suggests high volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for GELS suggests a weak or negative trend. |
GELS Technicals: Chart, Performance Metrics, Trend & Indicators
0.78
+0.04 (+5.29%)
GELTEQ LTD / GELS FAQ
Can you provide the ChartMill technical rating for GELTEQ LTD?
ChartMill assigns a technical rating of 0 / 10 to GELS.
What is the current trend direction of GELTEQ LTD (GELS) stock?
The current trend direction for GELTEQ LTD (GELS) is Bearish.
Can you provide the RSI signal for GELTEQ LTD?
GELTEQ LTD (GELS) has an RSI value of 47.6113. This indicates that the stock is currently neutral.
What is the short term momentum for GELS stock?
The short term momentum for GELTEQ LTD (GELS) is negative.
What is the buy/sell signal for GELS stock?
The buy/sell signal for GELTEQ LTD (GELS) is sell as both the short term and long term trends are negative.