Taking everything into account, GLSI scores 0 out of 10 in our technical rating. GLSI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GLSI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.36. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GLSI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.27
6 important resistance areas can be observed.
- A resistance zone ranging from 8.36 to 8.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.68 from a trend line in the daily time frame.
- Resistance @11.24 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.54 to 11.66. 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 | 9.12 | NEGATIVE | GLSI has a low relative strength, it was outperformed by 90.88% 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) | 43 | NEUTRAL | The RSI value for GLSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GLSI has a positive trend. |
| Stochastics (14,3) | 30.88 | NEUTRAL | The Stochastics value for GLSI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for GLSI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for GLSI suggests a strong trend. |
8.35
-0.05 (-0.6%)
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 42.9969. 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 resistance level at 8.36. Check the full technical report for our detailed analysis of GLSI support and resistance levels.