GAMING AND LEISURE PROPERTIE (GLPI) Stock Technical Analysis
NASDAQ:GLPI • US36467J1088
Taking everything into account, GLPI scores 8 out of 10 in our technical rating. Although GLPI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- In the last month GLPI has a been trading in the 44.14 - 48.14 range, which is quite wide. It is currently trading near the high of this range.
- GLPI has an average volume of 2669280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, GLPI turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- GLPI is part of the Specialized REITs industry. There are 28 other stocks in this industry, GLPI did better than 55% of them.
- GLPI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLPI is lagging the market.
Although GLPI has an excellent technical rating, it does not offer a high 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
40.91
When analyzing the support we can see 4 important areas.
- Strong support @47.61 from a horizontal line in the daily time frame.
- A support zone ranging from 45.19 to 45.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.42 from a horizontal line in the daily time frame.
- A support zone ranging from 41.32 to 42.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.03 to 52.35. 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 GLPI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLPI is up. |
| ChartMill Relative Strength | 48.82 | NEUTRAL | GLPI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.64 | NEUTRAL | The RSI value for GLPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests GLPI has a positive trend. |
| Stochastics (14,3) | 88.86 | OVERBOUGHT | The high Stochastics value suggests GLPI may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for GLPI suggests low volalility. |
| Average Directional Index/ADX (14) | 25.86 | POSITIVE | The high ADX value value for GLPI suggests a strong trend. |
47.86
+0.61 (+1.29%)
GAMING AND LEISURE PROPERTIE / GLPI FAQ
What is the ChartMill technical rating of GAMING AND LEISURE PROPERTIE (GLPI) stock?
ChartMill assigns a technical rating of 8 / 10 to GLPI.
What is the current trend direction of GAMING AND LEISURE PROPERTIE (GLPI) stock?
The current trend direction for GAMING AND LEISURE PROPERTIE (GLPI) is Bullish.
Can you provide the RSI signal for GAMING AND LEISURE PROPERTIE?
GAMING AND LEISURE PROPERTIE (GLPI) has an RSI value of 66.6399. This indicates that the stock is currently neutral.
What is the short term momentum for GAMING AND LEISURE PROPERTIE (GLPI) stock?
The short term momentum for GAMING AND LEISURE PROPERTIE (GLPI) is positive.
What is the support and resistance level for GLPI stock?
GAMING AND LEISURE PROPERTIE (GLPI) has a support level at 47.61 and a resistance level at 52.03. Check the full technical report for our detailed analysis of GLPI support and resistance levels.