GALECTO INC (GLTO) Stock Technical Analysis
NASDAQ:GLTO - Nasdaq - US36322Q2066 - Common Stock - Currency: USD
Overall GLTO gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GLTO was also a bad performer in the overall market in the last year.
88% of all other stocks performed better in the past year than GLTO.
GLTO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GLTO has a been trading in the 3.07 - 4.10 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GLTO is an average performer in the Biotechnology industry, it outperforms 46% of 558 stocks in the same industry.
Although the technical rating is only medium, GLTO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for GLTO 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
3.18
6.28
When analyzing the support we can see 2 important areas.
- Support @3.36 from a trend line in the daily time frame.
- A support zone ranging from 3.21 to 3.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @3.56 from a horizontal line in the weekly time frame.
- Resistance @3.90 from a horizontal line in the daily time frame.
- Resistance @6.22 from a trend 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 GLTO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLTO is up. |
| ChartMill Relative Strength | 12.89 | NEGATIVE | GLTO has a low relative strength, it was outperformed by 87.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLTO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for GLTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GLTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.12 | NEUTRAL | The Stochastics value for GLTO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for GLTO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for GLTO 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)
3.5535
-0.35 (-8.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.88%
1 Week7.03%
2 Weeks4.21%
1 Month6.07%
3 Month46.23%
6 Month-30.72%
12 Month-74.44%
2 Year-95.39%
3 Year-91.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%8.1%
ATR Inc111.35%
Range Today0.54
ADR(20)0.28
ADR(20)%7.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.89
Mansfield-4.78
10 Day High4.1
10 Day Low3.24
20 Day High4.1
20 Day Low3.07
52 Week High15.13
52 Week Low2.01
CS1 End3.36
CR1 Start3.56
Volume & EV
DER(3)3.05%
DER(5)2.21%
Volume38.80K
Volume Incr177.67%
Vol(5)42.40K
Vol(50)46.32K