GREENWICH LIFESCIENCES INC (GLSI) Stock Technical Analysis
USA - NASDAQ:GLSI - US3968791083 - Common Stock
11.46 USD
-0.08 (-0.69%)
11.46 USD
0 (0%)
We assign a technical rating of 4 out of 10 to GLSI. In the last year, GLSI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month GLSI has a been trading in the 10.59 - 13.00 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, GLSI turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
GLSI is an average performer in the Biotechnology industry, it outperforms 57% of 540 stocks in the same industry.
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.
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 11.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLSI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.74
12.72
We found 4 important support areas.
- A support zone ranging from 11.16 to 11.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.92 to 10.94. 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.53 to 11.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.83 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.19 to 12.24. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for GLSI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLSI is neutral. |
| ChartMill Relative Strength | 44.53 | NEUTRAL | GLSI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLSI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLSI is below 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) | 50.42 | NEUTRAL | The RSI value for GLSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GLSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.92 | NEUTRAL | The Stochastics value for GLSI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for GLSI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for GLSI suggests a possible start of a new 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)
11.46
-0.08 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.69%
1 Week2.05%
2 Weeks4.85%
1 Month-3.29%
3 Month28.76%
6 Month3.15%
12 Month-22.98%
2 Year29.64%
3 Year25.93%
5 Year149.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%5.55%
ATR Inc-36.69%
Range Today0.46
ADR(20)0.61
ADR(20)%5.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.53
Mansfield-1.19
10 Day High13
10 Day Low10.59
20 Day High13
20 Day Low10.59
52 Week High15.5
52 Week Low8.06
CS1 End11.45
CR1 Start11.53
Volume & EV
DER(3)3.02%
DER(5)1.75%
Volume104.67K
Volume Incr63.31%
Vol(5)88.65K
Vol(50)69.23K