GALAXY PAYROLL GROUP LTD-A (GLXG) Technical Analysis
NASDAQ:GLXG • VGG376921117
Current stock price
GLXG Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to GLXG. Recently some decent action could be observed, but in the medium term time frame this is still negative. GLXG was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, GLXG is a bad performer in the overall market: 85% of all stocks are doing better.
- GLXG 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 GLXG is lagging the market.
- In the last month GLXG has a been trading in the 1.85 - 2.84 range, which is quite wide. It is currently trading near the high of this range.
- GLXG is an average performer in the Professional Services industry, it outperforms 59% of 87 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
GLXG Weekly and Daily overview Charts
GLXG Setup Rating and Analysis
GLXG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLXG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GLXG Support and Resistance Analysis
1.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.19 to 2.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.01 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @2.38 from a trend line in the daily time frame.
- A resistance zone ranging from 2.42 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.61 to 2.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.80 from a horizontal line in the daily time frame.
- Resistance @4.29 from a trend line in the weekly time frame.
GLXG 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 | DOWN | NEGATIVE | The long term trend for GLXG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLXG is neutral. |
| ChartMill Relative Strength | 15.69 | NEGATIVE | GLXG has a low relative strength, it was outperformed by 84.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLXG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLXG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLXG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.86 | NEUTRAL | The RSI value for GLXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GLXG has a positive trend. |
| Stochastics (14,3) | 57.9 | NEUTRAL | The Stochastics value for GLXG is a neutral value. |
| Average True Range in percent/ATR (20) | 11.87 | HIGH VOLATILITY | The high ATR as a percentage value for GLXG suggests high volalility. |
| Average Directional Index/ADX (14) | 21.66 | NEUTRAL | The ADX value for GLXG suggests a possible start of a new trend. |
GLXG Chart- and CandleStick Pattern Analysis
GLXG Technicals: Chart, Performance Metrics, Trend & Indicators
2.35
+0.15 (+6.82%)
GALAXY PAYROLL GROUP LTD-A / GLXG TA FAQ
Can you provide the ChartMill technical rating for GALAXY PAYROLL GROUP LTD-A?
ChartMill assigns a technical rating of 3 / 10 to GLXG.
What is the trend direction for GLXG stock?
The current trend direction for GALAXY PAYROLL GROUP LTD-A (GLXG) is Bearish.
What is the RSI signal for GALAXY PAYROLL GROUP LTD-A (GLXG) stock?
GALAXY PAYROLL GROUP LTD-A (GLXG) has an RSI value of 54.8603. This indicates that the stock is currently neutral.
What is the short term momentum for GALAXY PAYROLL GROUP LTD-A (GLXG) stock?
The short term momentum for GALAXY PAYROLL GROUP LTD-A (GLXG) is neutral.