GALAPAGOS NV-SPON ADR (GLPG) Stock Technical Analysis
NASDAQ:GLPG - US36315X1019 - ADR
32 USD
+0.08 (+0.25%)
32 USD
0 (0%)
Taking everything into account, GLPG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GLPG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GLPG did better than 77% of all other stocks. On top of that, GLPG also shows a nice and consistent pattern of rising prices.
GLPG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLPG is lagging the market slightly.
GLPG is part of the Biotechnology industry. There are 549 other stocks in this industry, GLPG did better than 67% of them.
In the last month GLPG has a been trading in the 31.30 - 33.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLPG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
27.15
33.73
When analyzing the support we can see 3 important areas.
- Support @31.50 from a horizontal line in the daily time frame.
- A support zone ranging from 30.37 to 30.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.04 to 32.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.29 to 33.40. This zone is formed by a combination of multiple trend lines in the daily 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 GLPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLPG is up. |
| ChartMill Relative Strength | 77.58 | POSITIVE | GLPG has a high relative strength, it outperformed 77.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLPG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.44 | NEUTRAL | The RSI value for GLPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GLPG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.18 | NEUTRAL | The Stochastics value for GLPG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for GLPG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.25 | NEGATIVE | The low ADX value for GLPG 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)
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 |
|---|---|---|---|
| 32.73 | 31.49 | 1.24 (3.79%) | 25.00% |
| An entry @32.73. This is a Buy Stop order right above the resistance zone. | An exit @31.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.24 points, which is 3.79%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLPG. 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.
32
+0.08 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.25%
1 Week-1.45%
2 Weeks-1.72%
1 Month-1.99%
3 Month11.38%
6 Month19.67%
12 Month23.6%
2 Year-15.54%
3 Year-36.08%
5 Year-75.97%
10 Year-47.18%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%2.67%
ATR Inc-38.61%
Range Today0.46
ADR(20)0.78
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.58
Mansfield0.54
10 Day High33.24
10 Day Low31.3
20 Day High33.86
20 Day Low31.3
52 Week High33.86
52 Week Low22.36
CS1 End31.5
CR1 Start32.04
Volume & EV
DER(3)0.41%
DER(5)0.34%
Volume161.10K
Volume Incr-45.84%
Vol(5)238.86K
Vol(50)324.48K