GREENLIGHT CAPITAL RE LTD-A (GLRE) Stock Technical Analysis
USA - NASDAQ:GLRE - KYG4095J1094 - Common Stock
Taking everything into account, GLRE scores 4 out of 10 in our technical rating. In the past year, GLRE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
GLRE has an average technical rating and also 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.
More info and screens
11.82
We found 2 important support areas.
- A support zone ranging from 12.47 to 12.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.20 to 13.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.12 from a trend 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 | 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 | 34.28 | 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) | DOWN | NEGATIVE | The current price of GLRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.82 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests GLRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.25 | OVERBOUGHT | The high Stochastics value suggests GLRE may be overbought. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for GLRE suggests a weak or negative trend. |
13.16
-0.14 (-1.05%)
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 4 / 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 Bearish.
Can you provide the RSI signal for GREENLIGHT CAPITAL RE LTD-A?
GREENLIGHT CAPITAL RE LTD-A (GLRE) has an RSI value of 61.8218. This indicates that the stock is currently neutral.
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 12.76 and a resistance level at 13.2. Check the full technical report for our detailed analysis of GLRE support and resistance levels.