We assign a technical rating of 8 out of 10 to GLRE. 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.
GLRE has an excellent technical rating, but the quality of the setup is only medium 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.
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11.68
When analyzing the support we can see 5 important areas.
- A support zone ranging from 13.74 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.99 to 13.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.59 from a horizontal line in the daily time frame.
- Support @12.11 from a horizontal line in the weekly time frame.
- Support @11.80 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for GLRE is up. |
| ChartMill Relative Strength | 66.49 | 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 | 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) | 70.6 | OVERBOUGHT | The high RSI value suggests GLRE may be overbought. |
| 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) | 84.59 | OVERBOUGHT | The high Stochastics value suggests GLRE may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for GLRE suggests low volalility. |
| Average Directional Index/ADX (14) | 42.85 | POSITIVE | The high ADX value value for GLRE suggests a strong 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 |
|---|---|---|---|
| 14.72 | 13.61 | 1.11 (7.51%) | 13.32% |
| An entry @14.71. This is a Buy Stop order right above the 10 day high. | An exit @13.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.11 points, which is 7.51%. | For a 1.00% total portfolio risk, you can invest 13.32% 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.
14.48
+0.05 (+0.35%)
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 8 / 10 to GLRE.
What is the current trend direction of GREENLIGHT CAPITAL RE LTD-A (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 70.6014. This indicates that the stock is currently overbought.
What is the short term momentum for GLRE stock?
The short term momentum for GREENLIGHT CAPITAL RE LTD-A (GLRE) is positive.
What are the support and resistance levels for GREENLIGHT CAPITAL RE LTD-A (GLRE) stock?
GREENLIGHT CAPITAL RE LTD-A (GLRE) has a support level at 13.86. Check the full technical report for our detailed analysis of GLRE support and resistance levels.