MONTE ROSA THERAPEUTICS INC (GLUE) Stock Technical Analysis
NASDAQ:GLUE - Nasdaq - US61225M1027 - Common Stock - Currency: USD
Taking everything into account, GLUE scores 5 out of 10 in our technical rating. Although GLUE has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
GLUE 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.
Looking at the yearly performance, GLUE did better than 78% of all other stocks.
GLUE is part of the Biotechnology industry. There are 555 other stocks in this industry. GLUE outperforms 76% of them.
In the last month GLUE has a been trading in the 4.37 - 5.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLUE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.66. Right above this resistance zone may be a good entry point.
More info and screens
3.91
7.29
We found 3 important support areas.
- A support zone ranging from 4.48 to 4.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.06 from a trend line in the weekly time frame.
- Support @3.95 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.97 to 5.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.86 from a trend line in the daily time frame.
- Resistance @7.22 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 GLUE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLUE is neutral. |
| ChartMill Relative Strength | 78.94 | POSITIVE | GLUE has a high relative strength, it outperformed 78.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLUE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLUE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLUE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.79 | NEUTRAL | The RSI value for GLUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLUE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.49 | NEUTRAL | The Stochastics value for GLUE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for GLUE suggests high volalility. |
| Average Directional Index/ADX (14) | 11.33 | NEGATIVE | The low ADX value for GLUE 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)
4.87
+0.14 (+2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.96%
1 Week-0.84%
2 Weeks3.5%
1 Month1.94%
3 Month19.75%
6 Month-34.03%
12 Month29.95%
2 Year-33.1%
3 Year-47.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.71%
ATR Inc-6.83%
Range Today0.24
ADR(20)0.27
ADR(20)%5.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.94
Mansfield-2.36
10 Day High4.85
10 Day Low4.37
20 Day High5.26
20 Day Low4.37
52 Week High12.4
52 Week Low3.5
CS1 End4.52
CR1 Start4.66
Volume & EV
DER(3)-2.39%
DER(5)-0.12%
Volume194.02K
Volume Incr-6%
Vol(5)454.38K
Vol(50)442.83K