GREENWICH LIFESCIENCES INC (GLSI) Stock Technical Analysis
USA - NASDAQ:GLSI - US3968791083 - Common Stock
We assign a technical rating of 0 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.
The technical rating of GLSI is bad and it also does not present a quality setup 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.
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8.66
2 important support areas can be observed.
- Support @9.02 from a trend line in the weekly time frame.
- A support zone ranging from 8.75 to 8.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 9.37 to 9.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.00 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.13 from a trend line in the daily time frame.
- A resistance zone ranging from 11.48 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.22 from a horizontal line in the daily time frame.
- Resistance @12.59 from a horizontal line 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 | 9.69 | NEGATIVE | GLSI has a low relative strength, it was outperformed by 90.31% 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) | DOWN | NEGATIVE | The current price of GLSI is below a declining 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) | 37.79 | NEUTRAL | The RSI value for GLSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GLSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.84 | OVERSOLD | The low Stochastics value suggests GLSI may be oversold. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for GLSI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for GLSI suggests a possible start of a new trend. |
9.19
+0.04 (+0.44%)
GREENWICH LIFESCIENCES INC / GLSI FAQ
What is the technical rating for GLSI stock?
ChartMill assigns a technical rating of 0 / 10 to GLSI.
What is the trend direction for GLSI stock?
The current trend direction for GREENWICH LIFESCIENCES INC (GLSI) is Bearish.
What is the RSI signal for GLSI stock?
GREENWICH LIFESCIENCES INC (GLSI) has an RSI value of 37.7868. This indicates that the stock is currently neutral.
What is the buy/sell signal for GREENWICH LIFESCIENCES INC (GLSI) stock?
The buy/sell signal for GREENWICH LIFESCIENCES INC (GLSI) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for GREENWICH LIFESCIENCES INC (GLSI) stock?
GREENWICH LIFESCIENCES INC (GLSI) has a support level at 9.02 and a resistance level at 9.37. Check the full technical report for our detailed analysis of GLSI support and resistance levels.