GH RESEARCH PLC (GHRS) Stock Technical Analysis
NASDAQ:GHRS - Nasdaq - IE000GID8VI0 - Common Stock - Currency: USD
Taking everything into account, GHRS scores 8 out of 10 in our technical rating. Although GHRS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
GHRS is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. GHRS outperforms 75% of them.
Looking at the yearly performance, GHRS did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
GHRS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GHRS is lagging the market slightly.
In the last month GHRS has a been trading in the 10.66 - 14.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
GHRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for GHRS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.44
14.46
We found 5 important support areas.
- A support zone ranging from 12.71 to 12.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.21 from a trend line in the weekly time frame.
- Support @9.74 from a trend line in the daily time frame.
- Support @9.00 from a trend line in the daily time frame.
- Support @7.52 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @13.80 from a horizontal line in the daily time frame.
- Resistance @14.07 from a horizontal line in the weekly time frame.
- Resistance @14.32 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for GHRS is up. |
| ChartMill Relative Strength | 76.34 | POSITIVE | GHRS has a high relative strength, it outperformed 76.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GHRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GHRS is above 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) | 56.03 | NEUTRAL | The RSI value for GHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GHRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.62 | NEUTRAL | The Stochastics value for GHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for GHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.25 | NEUTRAL | The ADX value for GHRS suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.81 | 12.70 | 1.11 (8.04%) | 12.44% |
| An entry @13.81. This is a Buy Stop order right above the resistance zone. | An exit @12.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.11 points, which is 8.04%. | For a 1.00% total portfolio risk, you can invest 12.44% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GHRS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.76
-0.07 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.55%
1 Week2.08%
2 Weeks6.07%
1 Month19.25%
3 Month16%
6 Month64.86%
12 Month6.42%
2 Year7.54%
3 Year27.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%8.2%
ATR Inc16.59%
Range Today0.48
ADR(20)1.04
ADR(20)%8.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.34
Mansfield2.23
10 Day High14.25
10 Day Low10.96
20 Day High14.25
20 Day Low10.66
52 Week High20.5
52 Week Low6
CS1 End12.75
CR1 Start13.8
Volume & EV
DER(3)8.83%
DER(5)6.9%
Volume146.80K
Volume Incr49.93%
Vol(5)249.24K
Vol(50)180.69K