GREENLIGHT CAPITAL RE LTD-A (GLRE) Stock Technical Analysis
NASDAQ:GLRE - KYG4095J1094 - Common Stock
13.18 USD
+0.14 (+1.07%)
13.18 USD
0 (0%)
Taking everything into account, GLRE scores 0 out of 10 in our technical rating. GLRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, GLRE is a bad performer in the overall market: 78% of all stocks are doing better.
GLRE is part of the Insurance industry. There are 143 other stocks in this industry, of which 68% are performing better than GLRE.
GLRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GLRE has a been trading in the 12.59 - 13.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GLRE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.76, a Stop Loss order could be placed below this zone.
More info and screens
12.32
15.23
2 important support areas can be observed.
- A support zone ranging from 12.65 to 12.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.44 to 12.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.20 to 13.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.97 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 | DOWN | NEGATIVE | The long term trend for GLRE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLRE is neutral. |
| ChartMill Relative Strength | 22.46 | NEGATIVE | GLRE has a low relative strength, it was outperformed by 77.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLRE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLRE is below a declining 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) | 50.69 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GLRE has a positive trend. |
| Stochastics (14,3) | 66.25 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for GLRE suggests a weak or negative trend. |
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)
13.18
+0.14 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.07%
1 Week4.11%
2 Weeks1.78%
1 Month-0.68%
3 Month-2.37%
6 Month-0.45%
12 Month-4.84%
2 Year19.49%
3 Year67.05%
5 Year81.29%
10 Year-48.31%
15 Year-42.84%
Volatility
ATR(14)0.27
ATR(20)%2.05%
ATR Inc-23.22%
Range Today0.24
ADR(20)0.26
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.46
Mansfield-1.28
10 Day High13.39
10 Day Low12.59
20 Day High13.48
20 Day Low12.59
52 Week High15.82
52 Week Low12.14
CS1 End12.76
CR1 Start13.2
Volume & EV
DER(3)-0.35%
DER(5)0.46%
Volume92.80K
Volume Incr-26.46%
Vol(5)88.50K
Vol(50)135.71K