GREENWICH LIFESCIENCES INC (GLSI) Stock Technical Analysis
NASDAQ:GLSI - US3968791083 - Common Stock
11.48 USD
+0.02 (+0.17%)
11.7 USD
+0.22 (+1.92%)
Overall GLSI gets a technical rating of 6 out of 10. Although GLSI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, GLSI is a bad performer in the overall market: 70% of all stocks are doing better.
In the last month GLSI has a been trading in the 11.10 - 12.88 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
GLSI is part of the Biotechnology industry. There are 547 other stocks in this industry, GLSI did better than 56% of them.
GLSI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLSI is lagging the market.
Considerably lower volume is observed in the last couple of days.
GLSI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.47, a Stop Loss order could be placed below this zone.
More info and screens
8.74
12.72
We found 3 important support areas.
- A support zone ranging from 11.45 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.98 from a trend line in the weekly time frame.
- A support zone ranging from 8.83 to 8.83. 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 11.79 to 12.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.50 to 12.59. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for GLSI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLSI is neutral. |
| ChartMill Relative Strength | 30.02 | NEUTRAL | GLSI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLSI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GLSI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.08 | NEUTRAL | The RSI value for GLSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests GLSI has a negative trend. |
| Stochastics (14,3) | 11.28 | OVERSOLD | The low Stochastics value suggests GLSI may be oversold. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for GLSI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for GLSI 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)
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 |
|---|---|---|---|
| 12.30 | 11.44 | 0.86 (6.99%) | 14.30% |
| An entry @12.30. This is a Buy Stop order right above the resistance zone. | An exit @11.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 6.99%. | For a 1.00% total portfolio risk, you can invest 14.30% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLSI. 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.
11.48
+0.02 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.17%
1 Week-5.75%
2 Weeks-5.67%
1 Month3.52%
3 Month16.55%
6 Month-6.06%
12 Month-18.12%
2 Year25.19%
3 Year21.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%5.6%
ATR Inc-12.87%
Range Today0.56
ADR(20)0.62
ADR(20)%5.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.02
Mansfield-1.17
10 Day High12.39
10 Day Low11.35
20 Day High12.88
20 Day Low11.1
52 Week High16.5
52 Week Low8.06
CS1 End11.47
CR1 Start11.79
Volume & EV
DER(3)-4.65%
DER(5)-3.06%
Volume25.70K
Volume Incr-40.69%
Vol(5)26.73K
Vol(50)59.27K