Taking everything into account, GLRE scores 7 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, GLRE also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.15, a Stop Loss order could be placed below this zone.
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11.68
We found 4 important support areas.
- A support zone ranging from 14.03 to 14.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.06 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.34 to 14.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 61.61 | NEUTRAL | GLRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLRE is below 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) | 54.43 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GLRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.41 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.25 | 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 |
|---|---|---|---|
| 14.54 | 14.02 | 0.52 (3.58%) | 25.00% |
| An entry @14.54. This is a Buy Stop order right above the resistance zone. | An exit @14.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.52 points, which is 3.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
14.27
+0.23 (+1.64%)
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 54.429. 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 -0.0942898, indicating a bearish trend.