GALECTO INC (GLTO) Stock Technical Analysis
NASDAQ:GLTO • US36322Q2066
Taking everything into account, GLTO scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, GLTO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- GLTO is part of the Biotechnology industry. There are 522 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 however is currently trading near a new high, so GLTO is lagging the market slightly.
- In the last month GLTO has a been trading in the 19.85 - 32.56 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GLTO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.09
We found 2 important support areas.
- A support zone ranging from 25.69 to 25.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.31 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @30.03 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 | 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 | 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) | UP | POSITIVE | The current price of GLTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.19 | NEUTRAL | The RSI value for GLTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests GLTO has a positive trend. |
| Stochastics (14,3) | 65.25 | NEUTRAL | The Stochastics value for GLTO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.46 | HIGH VOLATILITY | The high ATR as a percentage value for GLTO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.28 | NEUTRAL | The ADX value for GLTO suggests a possible start of a new trend. |
29.12
-0.91 (-3.03%)
GALECTO INC / GLTO FAQ
What is the technical rating for GLTO stock?
ChartMill assigns a technical rating of 7 / 10 to GLTO.
Can you provide the trend direction for GALECTO INC?
The current trend direction for GALECTO INC (GLTO) is Bullish.
What is the RSI signal for GLTO stock?
GALECTO INC (GLTO) has an RSI value of 58.1867. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GALECTO INC?
The MACD indicator for GALECTO INC (GLTO) has a value of 0.276171, indicating a bearish trend.
What is the short term momentum for GALECTO INC (GLTO) stock?
The short term momentum for GALECTO INC (GLTO) is neutral.