GREENLIGHT CAPITAL RE LTD-A (GLRE) Technical Analysis
NASDAQ:GLRE • KYG4095J1094
Current stock price
GLRE Technical Rating and Analysis
Overall GLRE gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GLRE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 148 other stocks in this industry. GLRE outperforms 96% 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.
- In the last month GLRE has a been trading in the 15.65 - 18.99 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that GLRE is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
GLRE Weekly and Daily overview Charts
GLRE Setup Rating and Analysis
Although GLRE has an excellent technical rating, the quality of the presented setup is not ideal 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
GLRE Support and Resistance Analysis
11.99
We found 6 important support areas.
- A support zone ranging from 17.93 to 17.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.69 to 14.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.37 from a trend line in the daily time frame.
- Support @13.79 from a horizontal line in the daily time frame.
- Support @13.26 from a horizontal line in the daily time frame.
- Support @12.11 from a horizontal line in the weekly time frame.
GLRE Technical Indicator Signal Analysis
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 | 85.07 | POSITIVE | GLRE has a high relative strength, it outperformed 85.07% off all stocks 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) | 64.58 | NEUTRAL | The RSI value for GLRE is a neutral value. |
| 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) | 79.25 | NEUTRAL | The Stochastics value for GLRE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GLRE suggests some volalility. |
| Average Directional Index/ADX (14) | 36.34 | POSITIVE | The high ADX value value for GLRE suggests a strong trend. |
GLRE Chart- and CandleStick Pattern Analysis
GLRE Technicals: Chart, Performance Metrics, Trend & Indicators
17.94
-0.53 (-2.87%)
GREENLIGHT CAPITAL RE LTD-A / GLRE TA FAQ
What is the ChartMill technical rating of GREENLIGHT CAPITAL RE LTD-A (GLRE) stock?
ChartMill assigns a technical rating of 9 / 10 to GLRE.
What is the trend direction for GLRE stock?
The current trend direction for GREENLIGHT CAPITAL RE LTD-A (GLRE) is Bullish.
What is the RSI signal for GLRE stock?
GREENLIGHT CAPITAL RE LTD-A (GLRE) has an RSI value of 64.5759. This indicates that the stock is currently neutral.
What is the MACD signal for GREENLIGHT CAPITAL RE LTD-A (GLRE) stock?
The MACD indicator for GREENLIGHT CAPITAL RE LTD-A (GLRE) has a value of 0.0329517, indicating a bearish trend.
Can you provide the support and resistance levels for GREENLIGHT CAPITAL RE LTD-A?
GREENLIGHT CAPITAL RE LTD-A (GLRE) has a support level at 17.93. Check the full technical report for our detailed analysis of GLRE support and resistance levels.