GRAYSCALE CHAINLINK TRUST ET (GLNK) Technical Analysis
NYSEARCA:GLNK • US38963V1061
Current stock price
GLNK Technical Rating and Analysis
Overall GLNK gets a technical rating of 2 out of 10. In the last year, GLNK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, GLNK is a bad performer in the overall market: 100% of all stocks are doing better.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month GLNK has a been trading in the 7.50 - 8.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GLNK Weekly and Daily overview Charts
GLNK Setup Rating and Analysis
Although the technical rating is bad, GLNK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLNK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GLNK Support and Resistance Analysis
7.48
When analyzing the support we notice one important area.
- A support zone ranging from 7.56 to 7.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.04 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.85 from a horizontal line in the daily time frame.
GLNK 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 | UP | POSITIVE | The long term trend for GLNK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLNK is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | GLNK has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLNK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLNK is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 48.28 | NEUTRAL | The RSI value for GLNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GLNK has a positive trend. |
| Stochastics (14,3) | 27.87 | NEUTRAL | The Stochastics value for GLNK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for GLNK suggests some volalility. |
| Average Directional Index/ADX (14) | 11.5 | NEGATIVE | The low ADX value for GLNK suggests a weak or negative trend. |
GLNK Chart- and CandleStick Pattern Analysis
GLNK Technicals: Chart, Performance Metrics, Trend & Indicators
7.97
+0.32 (+4.18%)
GRAYSCALE CHAINLINK TRUST ET / GLNK TA FAQ
What is the ChartMill technical rating of GRAYSCALE CHAINLINK TRUST ET (GLNK) stock?
ChartMill assigns a technical rating of 2 / 10 to GLNK.
What is the trend direction for GLNK stock?
The current trend direction for GRAYSCALE CHAINLINK TRUST ET (GLNK) is Bullish.
What is the RSI signal for GRAYSCALE CHAINLINK TRUST ET (GLNK) stock?
GRAYSCALE CHAINLINK TRUST ET (GLNK) has an RSI value of 48.2847. This indicates that the stock is currently neutral.
What is the MACD signal for GRAYSCALE CHAINLINK TRUST ET (GLNK) stock?
The MACD indicator for GRAYSCALE CHAINLINK TRUST ET (GLNK) has a value of 0.000287854, indicating a bearish trend.
What is the buy/sell signal for GRAYSCALE CHAINLINK TRUST ET (GLNK) stock?
The buy/sell signal for GRAYSCALE CHAINLINK TRUST ET (GLNK) is hold as the short term and long term trends are mixed.