GH RESEARCH PLC (GHRS) Stock Technical Analysis
NASDAQ:GHRS - Nasdaq - IE000GID8VI0 - Common Stock - Currency: USD
Taking everything into account, GHRS scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GHRS is a bad performer.
When comparing the yearly performance of all stocks, GHRS is a bad performer in the overall market: 71% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
GHRS is an average performer in the Pharmaceuticals industry, it outperforms 62% of 198 stocks in the same industry.
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 8.75 - 13.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GHRS has an average technical rating and the quality of the presented setup is also not ideal 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
7.37
14.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 10.37 to 10.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.97 from a horizontal line in the daily time frame.
- Support @9.81 from a trend line in the weekly time frame.
- Support @9.37 from a trend line in the daily time frame.
- Support @7.44 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @11.40 from a horizontal line in the weekly time frame.
- Resistance @12.46 from a horizontal line in the daily time frame.
- Resistance @14.07 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 | 29.29 | NEGATIVE | GHRS has a low relative strength, it was outperformed by 70.71% 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) | DOWN | MIXED | The current price of GHRS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GHRS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for GHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests GHRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.75 | NEUTRAL | The Stochastics value for GHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for GHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.94 | NEGATIVE | The low ADX value for GHRS suggests a weak or negative 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)
11.27
-0.52 (-4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.41%
1 Week5.33%
2 Weeks4.35%
1 Month18.63%
3 Month-9.91%
6 Month21.58%
12 Month-17.74%
2 Year0.63%
3 Year12.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%8.08%
ATR Inc31.07%
Range Today0.95
ADR(20)0.9
ADR(20)%7.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.29
Mansfield0.95
10 Day High13.25
10 Day Low9.46
20 Day High13.25
20 Day Low8.75
52 Week High20.5
52 Week Low6
CS1 End10.64
CR1 Start12.46
Volume & EV
DER(3)-0.46%
DER(5)2.42%
Volume186.10K
Volume Incr71.03%
Vol(5)231.58K
Vol(50)178.54K