GREENLIGHT CAPITAL RE LTD-A (GLRE)
KYG4095J1094 - Common Stock
Overall GLRE gets a technical rating of 7 out of 10. In the last year, GLRE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GLRE has a been trading in the 12.01 - 12.76 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, GLRE did better than 77% of all other stocks. On top of that, GLRE also shows a nice and consistent pattern of rising prices.
GLRE is one of the better performing stocks in the Insurance industry, it outperforms 74% of 141 stocks in the same industry.
GLRE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GLRE is performing more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GLRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.01, a Stop Loss order could be placed below this zone.
More info and screens
10.78
12.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.79 to 12.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.59 from a trend line in the daily time frame.
- Support @11.19 from a horizontal line in the daily time frame.
- Strong support @10.89 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.11 to 12.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.54 to 12.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.71
Mansfield-0.14
10 Day High12.64
10 Day Low12.01
20 Day High12.76
20 Day Low12.01
52 Week High12.89
52 Week Low9.48
Performance
1 Week-3.45%
2 Weeks-0.5%
1 Month-3.37%
3 Month5.33%
6 Month12.09%
12 Month23.21%
2 Year75.15%
3 Year30.55%
5 Year0.58%
10 Year-62.14%
15 Year-22.16%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)44.84
LBB12
UBB12.55
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 |
|---|---|---|---|
| 12.33 | 12.00 | 0.33 (2.68%) | 25.00% |
| An entry @12.33. This is a Buy Stop order right above the resistance zone. | An exit @12.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.33 points, which is 2.68%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- 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.
GREENLIGHT CAPITAL RE LTD-A
NASDAQ:GLRE (4/26/2024, 7:00:00 PM)
After market: 12.05 0 (0%)12.05
-0.1 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.82%
1 Week-3.45%
2 Weeks-0.5%
1 Month-3.37%
3 Month5.33%
6 Month12.09%
12 Month23.21%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.31
ATR(20)%2.5%
ATR Inc
Range Today0.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.64
10 Day Low12.01
20 Day High12.76
20 Day Low12.01
52 Week High12.89
52 Week Low9.48
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume40.10K
Volume Incr-34.1%
Vol(5)44.98K
Vol(50)77.17K