Gemphire Therapeutics Inc (GEMP) Technical Analysis
NASDAQ:GEMP
Current stock price
GEMP Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to GEMP. GEMP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture 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.
- When comparing the yearly performance of all stocks, GEMP is a bad performer in the overall market: 97% of all stocks are doing better.
- GEMP 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 GEMP is lagging the market.
- In the last month GEMP has a been trading in the 0.24 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GEMP Weekly and Daily overview Charts
GEMP Setup Rating and Analysis
Although the technical rating is bad, GEMP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.31. Right above this resistance zone may be a good entry point.
More info and screens
GEMP Support and Resistance Analysis
0.30
We can see 3 important resistance areas.
- A resistance zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.32 from a horizontal line in the daily time frame.
- Resistance @0.33 from a trend line in the daily time frame.
GEMP 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 GEMP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GEMP is neutral. |
| ChartMill Relative Strength | 3.88 | NEGATIVE | GEMP has a low relative strength, it was outperformed by 96.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GEMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GEMP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GEMP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.26 | NEUTRAL | The RSI value for GEMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GEMP has a positive trend. |
| Stochastics (14,3) | 54.09 | NEUTRAL | The Stochastics value for GEMP is a neutral value. |
| Average True Range in percent/ATR (20) | 14.41 | HIGH VOLATILITY | The high ATR as a percentage value for GEMP suggests high volalility. |
GEMP Chart- and CandleStick Pattern Analysis
GEMP Technicals: Chart, Performance Metrics, Trend & Indicators
0.3
0 (-0.37%)
Gemphire Therapeutics Inc / GEMP TA FAQ
What is the technical rating for GEMP stock?
ChartMill assigns a technical rating of 0 / 10 to GEMP.
What is the trend direction for GEMP stock?
The current trend direction for Gemphire Therapeutics Inc (GEMP) is Bearish.
What is the RSI signal for Gemphire Therapeutics Inc (GEMP) stock?
Gemphire Therapeutics Inc (GEMP) has an RSI value of 44.2622. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Gemphire Therapeutics Inc?
The MACD indicator for Gemphire Therapeutics Inc (GEMP) has a value of 0.00217766, indicating a bearish trend.
Can you provide the support and resistance levels for Gemphire Therapeutics Inc?
Gemphire Therapeutics Inc (GEMP) has a resistance level at 0.31. Check the full technical report for our detailed analysis of GEMP support and resistance levels.