GALECTO INC (GLTO) Technical Analysis
NASDAQ:GLTO • US36322Q2066
Current stock price
28.69 USD
-0.22 (-0.76%)
At close:
29.2 USD
+0.51 (+1.78%)
After Hours:
GLTO Technical Rating and Analysis
Overall GLTO gets a technical rating of 7 out of 10. In the last year, GLTO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- GLTO is part of the Biotechnology industry. There are 517 other stocks in this industry. GLTO outperforms 97% of them.
- GLTO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GLTO is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that GLTO is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month GLTO has a been trading in the 19.85 - 33.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLTO Weekly and Daily overview Charts
GLTO Setup Rating and Analysis
GLTO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.68, a Stop Loss order could be placed below this zone.
More info and screens
GLTO Support and Resistance Analysis
23.09
32.62
We found 3 important support areas.
- A support zone ranging from 28.08 to 28.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.21 to 26.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.32 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.72 to 30.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.93 to 32.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
GLTO Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for GLTO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLTO is neutral. |
| ChartMill Relative Strength | 99.44 | POSITIVE | GLTO has a high relative strength, it outperformed 99.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLTO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GLTO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for GLTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests GLTO has a negative trend. |
| Stochastics (14,3) | 21.97 | NEUTRAL | The Stochastics value for GLTO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.31 | HIGH VOLATILITY | The high ATR as a percentage value for GLTO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.11 | NEUTRAL | The ADX value for GLTO suggests a possible start of a new trend. |
GLTO Chart- and CandleStick Pattern Analysis
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)
GLTO Technicals: Chart, Performance Metrics, Trend & Indicators
28.69
-0.22 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.76%
1 Week-4.53%
2 Weeks-3.66%
1 Month13.58%
3 Month-10.34%
6 Month899.65%
12 Month608.4%
2 Year47.13%
3 Year-42.33%
5 Year-81.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.56
ATR(20)%10.31%
ATR Inc21.53%
Range Today3.97
ADR(20)2.93
ADR(20)%10.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.44
3 months CRS29.72
6 months CRS99.92
Mansfield14.23
10 Day High33.99
10 Day Low26.43
20 Day High33.99
20 Day Low19.85
52 Week High38.33
52 Week Low2.01
CS1 End28.68
CR1 Start29.72
Volume & EV
DER(3)-2.56%
DER(5)-2.61%
Volume231.60K
Volume Incr-51.81%
Vol(5)186.80K
Vol(50)195.91K
GALECTO INC / GLTO TA FAQ
What is the technical rating for GLTO stock?
ChartMill assigns a technical rating of 7 / 10 to GLTO.
What is the current trend direction of GALECTO INC (GLTO) stock?
The current trend direction for GALECTO INC (GLTO) is Bullish.
What is the RSI signal for GALECTO INC (GLTO) stock?
GALECTO INC (GLTO) has an RSI value of 51.6773. This indicates that the stock is currently neutral.
What is the MACD signal for GALECTO INC (GLTO) stock?
The MACD indicator for GALECTO INC (GLTO) has a value of -0.283388, indicating a bearish trend.
Can you provide the support and resistance levels for GALECTO INC?
GALECTO INC (GLTO) has a support level at 28.68 and a resistance level at 29.72. Check the full technical report for our detailed analysis of GLTO support and resistance levels.