GREENWICH LIFESCIENCES INC (GLSI) Stock Technical Analysis
NASDAQ:GLSI - Nasdaq - US3968791083 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to GLSI. GLSI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GLSI is a bad performer in the overall market: 92% of all stocks are doing better.
GLSI is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 61% are performing better than GLSI.
GLSI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GLSI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, GLSI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.92, a Stop Loss order could be placed below this zone.
More info and screens
8.66
10.54
When analyzing the support we notice one important area.
- A support zone ranging from 8.75 to 8.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.43 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.00 to 10.03. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 10.31 to 10.44. 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 | DOWN | NEGATIVE | The long term trend for GLSI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLSI is down. |
| ChartMill Relative Strength | 8.87 | NEGATIVE | GLSI has a low relative strength, it was outperformed by 91.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLSI is below 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 | NEGATIVE | The current price of GLSI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.26 | NEUTRAL | The RSI value for GLSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.85 | NEUTRAL | The Stochastics value for GLSI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for GLSI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.5 | 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)
8.99
+0.06 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.67%
1 Week1.01%
2 Weeks-5.07%
1 Month-9.37%
3 Month-12.04%
6 Month-21.83%
12 Month-47.91%
2 Year-6.79%
3 Year6.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%3.37%
ATR Inc10.6%
Range Today0.41
ADR(20)0.3
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.87
Mansfield-3.26
10 Day High9.48
10 Day Low8.65
20 Day High10
20 Day Low8.65
52 Week High18.15
52 Week Low8.06
CS1 End8.92
CR1 Start9.43
Volume & EV
DER(3)-4.74%
DER(5)-2.59%
Volume85.30K
Volume Incr62.26%
Vol(5)54.64K
Vol(50)47.00K