MONTE ROSA THERAPEUTICS INC (GLUE) Stock Technical Analysis
USA - NASDAQ:GLUE - US61225M1027 - Common Stock
Taking everything into account, GLUE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLUE is showing a nice and steady performance.
Although GLUE has an excellent technical rating, the quality of the presented setup is not ideal 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
11.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.30 to 12.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.18 from a trend 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 GLUE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLUE is up. |
| ChartMill Relative Strength | 98.11 | POSITIVE | GLUE has a high relative strength, it outperformed 98.11% 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 | POSITIVE | The current price of GLUE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.43 | OVERBOUGHT | The high RSI value suggests GLUE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GLUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.48 | OVERBOUGHT | The high Stochastics value suggests GLUE may be overbought. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for GLUE suggests high volalility. |
| Average Directional Index/ADX (14) | 54.45 | POSITIVE | The high ADX value value for GLUE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.63 | 11.49 | 3.14 (21.46%) | 4.66% |
| An entry @14.63. This is a Buy Stop order right above the 10 day high. | An exit @11.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.14 points, which is 21.46%. | When investing 4.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.36
+0.04 (+0.28%)
MONTE ROSA THERAPEUTICS INC / GLUE FAQ
Can you provide the ChartMill technical rating for MONTE ROSA THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 10 to GLUE.
Can you provide the trend direction for MONTE ROSA THERAPEUTICS INC?
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 72.4329. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MONTE ROSA THERAPEUTICS INC?
The MACD indicator for MONTE ROSA THERAPEUTICS INC (GLUE) has a value of 0.0558114, indicating a bearish trend.
What is the buy/sell signal for MONTE ROSA THERAPEUTICS INC (GLUE) stock?
The buy/sell signal for MONTE ROSA THERAPEUTICS INC (GLUE) is buy as both the short term and long term trends are positive.