GALECTO INC (GLTO) Stock Technical Analysis
NASDAQ:GLTO - Nasdaq - US36322Q2066 - Common Stock - Currency: USD
Overall GLTO gets a technical rating of 1 out of 10. GLTO'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, GLTO is a bad performer in the overall market: 96% of all stocks are doing better.
GLTO is one of the lesser performing stocks in the Biotechnology industry. 75% of 562 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. The S&P500 Index is trading in the upper part of its 52 week range, so GLTO is lagging the market.
GLTO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although the technical rating is bad, GLTO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.74, a Stop Loss order could be placed below this zone.
More info and screens
2.67
4.78
When analyzing the support we notice one important area.
- A support zone ranging from 2.70 to 2.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.00 to 3.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.49 from a trend line in the weekly time frame.
- Resistance @3.66 from a trend line in the weekly time frame.
- Resistance @4.29 from a trend line in the daily time frame.
- Resistance @4.73 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 | NEUTRAL | NEUTRAL | The short term trend for GLTO is neutral. |
| ChartMill Relative Strength | 4.07 | NEGATIVE | GLTO has a low relative strength, it was outperformed by 95.93% 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) | DOWN | NEGATIVE | The current price of GLTO is below a declining 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) | 51.76 | NEUTRAL | The RSI value for GLTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GLTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.31 | NEUTRAL | The Stochastics value for GLTO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.27 | HIGH VOLATILITY | The high ATR as a percentage value for GLTO suggests high volalility. |
| Average Directional Index/ADX (14) | 11.79 | 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)
NASDAQ:GLTO (5/23/2025, 8:19:36 PM)
2.99
+0.03 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.96%
1 Week3.82%
2 Weeks8.93%
1 Month3.1%
3 Month-33.7%
6 Month-46.8%
12 Month-81.01%
2 Year-94.51%
3 Year-90.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%8.27%
ATR Inc16.39%
Range Today0.24
ADR(20)0.24
ADR(20)%8.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.07
Mansfield-6.26
10 Day High3.3
10 Day Low2.65
20 Day High3.3
20 Day Low2.59
52 Week High16.07
52 Week Low2.01
CS1 End2.74
CR1 Start3
Volume & EV
DER(3)-23.73%
DER(5)-19.65%
Volume15.60K
Volume Incr-54.19%
Vol(5)41.34K
Vol(50)333.34K