GH RESEARCH PLC (GHRS) Stock Technical Analysis
NASDAQ:GHRS - Nasdaq - IE000GID8VI0 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GHRS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month GHRS has a been trading in the 12.81 - 19.51 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.
GHRS is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 75% of 193 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that GHRS is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GHRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GHRS is lagging the market.
GHRS has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.67
15.14
We found 4 important support areas.
- Support @11.28 from a trend line in the weekly time frame.
- Support @10.59 from a trend line in the daily time frame.
- Support @9.28 from a trend line in the daily time frame.
- Support @7.75 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.05 to 13.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.99 from a horizontal 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 | UP | POSITIVE | The long term trend for GHRS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GHRS is down. |
| ChartMill Relative Strength | 85.27 | POSITIVE | GHRS has a high relative strength, it outperformed 85.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GHRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GHRS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GHRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.5 | NEUTRAL | The RSI value for GHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests GHRS has a negative trend. |
| Stochastics (14,3) | 9 | OVERSOLD | The low Stochastics value suggests GHRS may be oversold. |
| Average True Range in percent/ATR (20) | 10.11 | HIGH VOLATILITY | The high ATR as a percentage value for GHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.02 | POSITIVE | The high ADX value value for GHRS suggests a strong 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)
12.15
-0.91 (-6.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-6.97%
1 Week-12.76%
2 Weeks-21.75%
1 Month-9.74%
3 Month25.82%
6 Month-5.87%
12 Month29.82%
2 Year22.86%
3 Year-16.01%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.44
ATR(20)%10.11%
ATR Inc-55.87%
Range Today1.11
ADR(20)1.31
ADR(20)%10.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.27
Mansfield1.72
10 Day High16.86
10 Day Low12.81
20 Day High19.51
20 Day Low12.81
52 Week High20.5
52 Week Low6
CS1 End11.28
CR1 Start14.99
Volume & EV
DER(3)-1.65%
DER(5)-3.11%
Volume424.36K
Volume Incr-32.75%
Vol(5)252.98K
Vol(50)265.01K