MONTE ROSA THERAPEUTICS INC (GLUE) Stock Technical Analysis
NASDAQ:GLUE - Nasdaq - US61225M1027 - Common Stock - Currency: USD
Taking everything into account, GLUE scores 8 out of 10 in our technical rating. In the last year, GLUE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that GLUE is one of the better performing stocks in the market, outperforming 74% of all stocks.
GLUE is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 553 stocks in the same industry.
In the last month GLUE has a been trading in the 4.42 - 6.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GLUE 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
3.91
7.29
4 important support areas can be observed.
- A support zone ranging from 5.66 to 5.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.98 from a trend line in the daily time frame.
- Support @4.10 from a trend line in the weekly time frame.
- Support @3.95 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.95 to 5.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.81 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 | NEUTRAL | NEUTRAL | The long term trend for GLUE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLUE is up. |
| ChartMill Relative Strength | 74.66 | POSITIVE | GLUE has a high relative strength, it outperformed 74.66% 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) | UP | MIXED | The current price of GLUE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.7 | NEUTRAL | The RSI value for GLUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GLUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.4 | NEUTRAL | The Stochastics value for GLUE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for GLUE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.71 | POSITIVE | The high ADX value value for GLUE 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)
5.67
-0.04 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.7%
1 Week-4.55%
2 Weeks9.88%
1 Month21.67%
3 Month12.06%
6 Month2.72%
12 Month21.41%
2 Year-19.8%
3 Year-37.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%5.28%
ATR Inc-5.04%
Range Today0.29
ADR(20)0.29
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.66
Mansfield-1.13
10 Day High6.25
10 Day Low5.1
20 Day High6.25
20 Day Low4.42
52 Week High12.4
52 Week Low3.5
CS1 End5.66
CR1 Start5.95
Volume & EV
DER(3)4.75%
DER(5)4%
Volume236.00K
Volume Incr-6.5%
Vol(5)418.92K
Vol(50)450.49K