GALMED PHARMACEUTICALS LTD (GLMD) Stock Technical Analysis
NASDAQ:GLMD - Nasdaq - IL0011313900 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to GLMD. Recently some decent action could be observed, but in the medium term time frame this is still negative. GLMD was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GLMD is a bad performer in the overall market: 85% of all stocks are doing 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.
GLMD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
GLMD has an average volume of 2111250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
GLMD is an average performer in the Biotechnology industry, it outperforms 48% of 555 stocks in the same industry.
GLMD has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.88. Right above this resistance zone may be a good entry point.
More info and screens
1.75
1.90
When analyzing the support we notice one important area.
- Support @1.77 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.88 to 1.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for GLMD is up. |
| ChartMill Relative Strength | 15.94 | NEGATIVE | GLMD has a low relative strength, it was outperformed by 84.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLMD is above 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) | 60.26 | NEUTRAL | The RSI value for GLMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GLMD has a negative trend. |
| Stochastics (14,3) | 67.07 | NEUTRAL | The Stochastics value for GLMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for GLMD suggests high volalility. |
| Average Directional Index/ADX (14) | 41.28 | POSITIVE | The high ADX value value for GLMD 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)
1.825
+0.01 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.83%
1 Week1.96%
2 Weeks2.53%
1 Month20.86%
3 Month36.19%
6 Month-46.79%
12 Month-51%
2 Year-86.78%
3 Year-97.98%
5 Year-99.79%
10 Year-99.9%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.25%
ATR Inc-48.11%
Range Today0.06
ADR(20)0.11
ADR(20)%6.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.94
Mansfield-4.09
10 Day High1.94
10 Day Low1.63
20 Day High1.94
20 Day Low1.46
52 Week High23.8
52 Week Low1.15
CS1 End1.77
CR1 Start1.88
Volume & EV
DER(3)-4.31%
DER(5)1.91%
Volume110.40K
Volume Incr-54.31%
Vol(5)168.40K
Vol(50)2.11M