MONTE ROSA THERAPEUTICS INC (GLUE) Technical Analysis
NASDAQ:GLUE • US61225M1027
Current stock price
GLUE Technical Rating and Analysis
Taking everything into account, GLUE scores 4 out of 10 in our technical rating. GLUE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month GLUE has a been trading in the 15.70 - 20.41 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- GLUE is part of the Biotechnology industry. There are 518 other stocks in this industry. GLUE outperforms 86% of them.
- GLUE has an average volume of 1659010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that GLUE is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- GLUE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLUE is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
GLUE Weekly and Daily overview Charts
GLUE Setup Rating and Analysis
GLUE has an average technical rating and also the quality of the setup is only medium 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
GLUE Support and Resistance Analysis
15.67
When analyzing the support we notice one important area.
- A support zone ranging from 15.83 to 16.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.25 to 17.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.80 to 18.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GLUE Technical Indicator Signal Analysis
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 GLUE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLUE is down. |
| ChartMill Relative Strength | 95.76 | POSITIVE | GLUE has a high relative strength, it outperformed 95.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLUE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLUE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLUE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.95 | NEUTRAL | The RSI value for GLUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests GLUE has a negative trend. |
| Stochastics (14,3) | 9.86 | OVERSOLD | The low Stochastics value suggests GLUE may be oversold. |
| Average True Range in percent/ATR (20) | 7.37 | HIGH VOLATILITY | The high ATR as a percentage value for GLUE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.88 | NEGATIVE | The low ADX value for GLUE suggests a weak or negative trend. |
GLUE Chart- and CandleStick Pattern Analysis
GLUE Technicals: Chart, Performance Metrics, Trend & Indicators
16.02
-0.02 (-0.12%)
MONTE ROSA THERAPEUTICS INC / GLUE TA FAQ
Can you provide the ChartMill technical rating for MONTE ROSA THERAPEUTICS INC?
ChartMill assigns a technical rating of 4 / 10 to GLUE.
What is the current trend direction of MONTE ROSA THERAPEUTICS INC (GLUE) stock?
The current trend direction for MONTE ROSA THERAPEUTICS INC (GLUE) is Bullish.
What is the RSI signal for GLUE stock?
MONTE ROSA THERAPEUTICS INC (GLUE) has an RSI value of 32.9531. This indicates that the stock is currently neutral.
What is the short term momentum for GLUE stock?
The short term momentum for MONTE ROSA THERAPEUTICS INC (GLUE) is negative.
What is the support and resistance level for GLUE stock?
MONTE ROSA THERAPEUTICS INC (GLUE) has a support level at 16.01 and a resistance level at 17.25. Check the full technical report for our detailed analysis of GLUE support and resistance levels.