GREENLIGHT CAPITAL RE LTD-A (GLRE) Stock Technical Analysis
NASDAQ:GLRE - Nasdaq - KYG4095J1094 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to GLRE. In the last year, GLRE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that GLRE is one of the better performing stocks in the market, outperforming 71% of all stocks.
In the last month GLRE has a been trading in the 13.07 - 14.64 range, which is quite wide. It is currently trading near the high of this range.
GLRE is part of the Insurance industry. There are 143 other stocks in this industry, GLRE did better than 59% of them.
GLRE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLRE is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GLRE has an excellent technical rating, the quality of the presented setup is not ideal 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
12.79
14.58
2 important support areas can be observed.
- A support zone ranging from 13.41 to 13.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.92 to 13.15. 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 | NEUTRAL | NEUTRAL | The long term trend for GLRE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLRE is up. |
| ChartMill Relative Strength | 71.45 | POSITIVE | GLRE has a high relative strength, it outperformed 71.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.35 | OVERBOUGHT | The high RSI value suggests GLRE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GLRE has a positive trend. |
| Stochastics (14,3) | 77.48 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for GLRE 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)
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 |
|---|---|---|---|
| 14.66 | 13.32 | 1.34 (9.13%) | 10.96% |
| An entry @14.65. This is a Buy Stop order right above the 10 day high. | An exit @13.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.34 points, which is 9.13%. | For a 1.00% total portfolio risk, you can invest 10.96% of your capital in this trade. |
- 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.
14.44
+0.08 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.56%
1 Week6.65%
2 Weeks7.28%
1 Month10.57%
3 Month3.66%
6 Month-3.28%
12 Month8.65%
2 Year50.26%
3 Year84.65%
5 Year99.45%
10 Year-52.87%
15 Year-40.53%
Volatility
ATR(14)0.48
ATR(20)%2.99%
ATR Inc43.82%
Range Today0.52
ADR(20)0.43
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.45
Mansfield0.27
10 Day High14.65
10 Day Low13.33
20 Day High14.65
20 Day Low13.07
52 Week High15.82
52 Week Low11.95
CS1 End13.59
CR1 StartN/A
Volume & EV
DER(3)5.01%
DER(5)2.7%
Volume89.40K
Volume Incr18.74%
Vol(5)104.36K
Vol(50)103.56K