MONTE ROSA THERAPEUTICS INC (GLUE) Stock Technical Analysis
NASDAQ:GLUE - Nasdaq - US61225M1027 - Common Stock - Currency: USD
Taking everything into account, GLUE scores 0 out of 10 in our technical rating. GLUE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
75% of all other stocks performed better in the past year than GLUE.
GLUE 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 GLUE is lagging the market.
GLUE is an average performer in the Biotechnology industry, it outperforms 68% of 560 stocks in the same industry.
In the last month GLUE has a been trading in the 3.51 - 5.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GLUE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.13, a Stop Loss order could be placed below this zone.
More info and screens
3.90
7.29
We found 2 important support areas.
- A support zone ranging from 4.01 to 4.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.94 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.19 to 4.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.87 from a trend line in the daily time frame.
- Resistance @6.88 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for GLUE is down. |
| ChartMill Relative Strength | 25.51 | NEGATIVE | GLUE has a low relative strength, it was outperformed by 74.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLUE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLUE is below a declining 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) | 47.34 | NEUTRAL | The RSI value for GLUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GLUE has a positive trend. |
| Stochastics (14,3) | 63.09 | NEUTRAL | The Stochastics value for GLUE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.02 | HIGH VOLATILITY | The high ATR as a percentage value for GLUE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.45 | 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)
4.18
-0.05 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.18%
1 Week3.21%
2 Weeks8.01%
1 Month-14.69%
3 Month-24%
6 Month-59.65%
12 Month1.46%
2 Year-43.36%
3 Year-45.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%8.02%
ATR Inc-5.06%
Range Today0.31
ADR(20)0.33
ADR(20)%7.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.51
Mansfield-2.83
10 Day High4.3
10 Day Low3.81
20 Day High5.09
20 Day Low3.51
52 Week High12.4
52 Week Low3.21
CS1 End4.13
CR1 Start4.19
Volume & EV
DER(3)-0.03%
DER(5)2.29%
Volume465.20K
Volume Incr58.23%
Vol(5)587.38K
Vol(50)706.59K