GREENLIGHT CAPITAL RE LTD-A (GLRE) Stock Technical Analysis
NASDAQ:GLRE • KYG4095J1094
We assign a technical rating of 7 out of 10 to GLRE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GLRE is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- GLRE is part of the Insurance industry. There are 149 other stocks in this industry. GLRE outperforms 75% of them.
- GLRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLRE is lagging the market slightly.
- 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 54% of all stocks.
- In the last month GLRE has a been trading in the 13.17 - 14.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GLRE also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 13.89, a Stop Loss order could be placed below this zone.
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11.82
We found 3 important support areas.
- A support zone ranging from 13.77 to 13.89. 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.
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 | UP | POSITIVE | The short term trend for GLRE is up. |
| ChartMill Relative Strength | 54.3 | 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) | 51.28 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GLRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.1 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.54 | 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 |
|---|---|---|---|
| 14.03 | 13.76 | 0.27 (1.92%) | 25.00% |
| An entry @14.03. This is a Buy Stop order right above the 10 day moving average. | An exit @13.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.27 points, which is 1.92%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
13.97
-0.06 (-0.43%)
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 7 / 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 51.2752. 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 0.0208505, indicating a bearish trend.
Can you provide the buy/sell signal for GREENLIGHT CAPITAL RE LTD-A?
The buy/sell signal for GREENLIGHT CAPITAL RE LTD-A (GLRE) is buy as both the short term and long term trends are positive.