GALECTO INC (GLTO) Stock Technical Analysis
NASDAQ:GLTO - Nasdaq - US36322Q2066 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to GLTO. GLTO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, GLTO is a bad performer in the overall market: 92% of all stocks are doing better.
GLTO is one of the lesser performing stocks in the Biotechnology industry. 66% of 551 stocks in the same industry do better.
GLTO 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.
In the last month GLTO has a been trading in the 3.10 - 4.10 range, which is quite wide. It is currently trading near the lows of this range.
Warning: GLTO has an average volume of 25062 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
GLTO has a bad 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 3.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLTO 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
3.17
3.95
We found 1 important support area.
- A support zone ranging from 3.20 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.49 to 3.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.69 from a trend line in the daily time frame.
- Resistance @3.76 from a horizontal line in the weekly time frame.
- Resistance @3.91 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 GLTO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLTO is down. |
| ChartMill Relative Strength | 8.45 | NEGATIVE | GLTO has a low relative strength, it was outperformed by 91.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLTO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLTO is below 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) | 46.99 | NEUTRAL | The RSI value for GLTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GLTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.41 | NEUTRAL | The Stochastics value for GLTO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.71 | HIGH VOLATILITY | The high ATR as a percentage value for GLTO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.34 | POSITIVE | The high ADX value value for GLTO suggests a strong 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)
NASDAQ:GLTO (8/6/2025, 8:00:00 PM)
3.4
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week2.41%
2 Weeks-10.41%
1 Month0%
3 Month23.86%
6 Month-25.27%
12 Month-73.85%
2 Year-77.52%
3 Year-93.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%9.71%
ATR Inc-65.54%
Range Today0.18
ADR(20)0.31
ADR(20)%9.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.45
Mansfield-4.52
10 Day High3.94
10 Day Low3.1
20 Day High4.1
20 Day Low3.1
52 Week High15.13
52 Week Low2.01
CS1 End3.24
CR1 Start3.49
Volume & EV
DER(3)17.73%
DER(5)2.72%
Volume4.50K
Volume Incr105.85%
Vol(5)52.42K
Vol(50)25.06K