GALMED PHARMACEUTICALS LTD (GLMD) Technical Analysis
NASDAQ:GLMD • IL0011313900
Current stock price
GLMD Technical Rating and Analysis
Overall GLMD gets a technical rating of 2 out of 10. GLMD 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.
- 93% of all other stocks performed better in the past year than GLMD.
- GLMD is one of the lesser performing stocks in the Biotechnology industry. 77% of 516 stocks in the same industry do better.
- GLMD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GLMD has a been trading in the 0.47 - 1.26 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.
- GLMD has an average volume of 3745670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
GLMD Weekly and Daily overview Charts
GLMD Setup Rating and Analysis
The technical rating of GLMD is bad and it also does not present a 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
GLMD Support and Resistance Analysis
0.54
When analyzing the support we notice one important area.
- Support @0.55 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.70 from a trend line in the daily time frame.
- Resistance @0.76 from a trend line in the daily time frame.
GLMD 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 GLMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLMD is down. |
| ChartMill Relative Strength | 7.58 | NEGATIVE | GLMD has a low relative strength, it was outperformed by 92.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLMD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLMD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.39 | NEUTRAL | The RSI value for GLMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.55 | OVERSOLD | The low Stochastics value suggests GLMD may be oversold. |
| Average True Range in percent/ATR (20) | 16.41 | HIGH VOLATILITY | The high ATR as a percentage value for GLMD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.23 | NEUTRAL | The ADX value for GLMD suggests a possible start of a new trend. |
GLMD Chart- and CandleStick Pattern Analysis
GLMD Technicals: Chart, Performance Metrics, Trend & Indicators
0.5711
+0 (+0.19%)
GALMED PHARMACEUTICALS LTD / GLMD TA FAQ
Can you provide the ChartMill technical rating for GALMED PHARMACEUTICALS LTD?
ChartMill assigns a technical rating of 2 / 10 to GLMD.
What is the current trend direction of GALMED PHARMACEUTICALS LTD (GLMD) stock?
The current trend direction for GALMED PHARMACEUTICALS LTD (GLMD) is Bearish.
Can you provide the RSI signal for GALMED PHARMACEUTICALS LTD?
GALMED PHARMACEUTICALS LTD (GLMD) has an RSI value of 41.393. This indicates that the stock is currently neutral.
What is the short term momentum for GLMD stock?
The short term momentum for GALMED PHARMACEUTICALS LTD (GLMD) is negative.
Can you provide the support and resistance levels for GALMED PHARMACEUTICALS LTD?
GALMED PHARMACEUTICALS LTD (GLMD) has a support level at 0.55 and a resistance level at 0.7. Check the full technical report for our detailed analysis of GLMD support and resistance levels.