GREENLIGHT CAPITAL RE LTD-A (GLRE) Stock Technical Analysis
NASDAQ:GLRE • KYG4095J1094
Overall GLRE gets a technical rating of 6 out of 10. Although GLRE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- GLRE is part of the Insurance industry. There are 150 other stocks in this industry. GLRE outperforms 77% of them.
- In the last month GLRE has a been trading in the 13.36 - 14.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, GLRE turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- 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.
- Considerably lower volume is observed in the last couple of days.
GLRE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.82 to 13.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.15 from a horizontal line in the daily time frame.
- A support zone ranging from 11.94 to 12.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.28 to 14.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 48.94 | NEUTRAL | GLRE is not amongst the best or worst performers 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 | 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) | 51.43 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GLRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.65 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.89 | NEGATIVE | The low ADX value for GLRE 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 |
|---|---|---|---|
| 14.04 | 13.81 | 0.23 (1.62%) | 25.00% |
| An entry @14.04. This is a Buy Stop order right above the 10 day moving average. | An exit @13.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.23 points, which is 1.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The distance between exit and entry is rather small compared to the average daily movement of GLRE. 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.
14
-0.03 (-0.21%)
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 6 / 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 51.4311. 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 0.00596359, indicating a bearish trend.