Taking everything into account, GLRE scores 5 out of 10 in our technical rating. GLRE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When compared to the yearly performance of all other stocks, GLRE outperforms 49% of them, which is more or less in line with the market.
- GLRE is an average performer in the Insurance industry, it outperforms 69% of 149 stocks in the same industry.
- GLRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLRE is lagging the market.
- In the last month GLRE has a been trading in the 13.15 - 14.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLRE has an average technical rating and the quality of the presented setup is also 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
11.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.69 to 13.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.06 from a horizontal line in the daily time frame.
- A support zone ranging from 11.80 to 12.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @14.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.96 to 15.08. 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 GLRE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLRE is neutral. |
| ChartMill Relative Strength | 49.01 | NEUTRAL | GLRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLRE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLRE is below 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) | 48.69 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GLRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.11 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for GLRE suggests a weak or negative trend. |
13.8
+0.01 (+0.07%)
GREENLIGHT CAPITAL RE LTD-A / GLRE FAQ
What is the ChartMill technical rating of GREENLIGHT CAPITAL RE LTD-A (GLRE) stock?
ChartMill assigns a technical rating of 5 / 10 to GLRE.
What is the trend direction for GLRE stock?
The current trend direction for GREENLIGHT CAPITAL RE LTD-A (GLRE) is Bullish.
Can you provide the RSI signal for GREENLIGHT CAPITAL RE LTD-A?
GREENLIGHT CAPITAL RE LTD-A (GLRE) has an RSI value of 48.6904. This indicates that the stock is currently neutral.
What is the MACD signal for GLRE stock?
The MACD indicator for GREENLIGHT CAPITAL RE LTD-A (GLRE) has a value of 0.0286695, indicating a bearish trend.