GALAPAGOS NV-SPON ADR (GLPG) Stock Technical Analysis
USA - NASDAQ:GLPG - US36315X1019 - ADR
Taking everything into account, GLPG scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GLPG is only an average performer.
Besides having an excellent technical rating, GLPG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 33.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.83, a Stop Loss order could be placed below this zone.
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30.85
We found 1 important support area.
- A support zone ranging from 31.16 to 31.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.29 to 33.56. 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 | UP | POSITIVE | The long term trend for GLPG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLPG is neutral. |
| ChartMill Relative Strength | 58.79 | NEUTRAL | GLPG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLPG is below the rising 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) | 49.28 | NEUTRAL | The RSI value for GLPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLPG has a negative trend. |
| Stochastics (14,3) | 51.85 | NEUTRAL | The Stochastics value for GLPG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for GLPG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.83 | NEGATIVE | The low ADX value for GLPG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 32.24 | 31.15 | 1.09 (3.37%) | 25.00% |
| An entry @32.24. This is a Buy Stop order right above the 10 day moving average. | An exit @31.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.09 points, which is 3.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- 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.
32.02
-0.53 (-1.63%)