GNLN Technical Analysis - GREENLANE HOLDINGS INC - A

Technical Rating and Analysis

Taking everything into account, GNLN scores 2 out of 10 in our technical rating. GNLN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, GNLN is a bad performer in the overall market: 100% of all stocks are doing better.

GNLN is part of the Distributors industry. There are 22 other stocks in this industry, of which 66% are performing better than GNLN.

GNLN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month GNLN has a been trading in the 3.13 - 3.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GREENLANE HOLDINGS INC - A / GNLN Weekly stock chart

GREENLANE HOLDINGS INC - A / GNLN Daily stock chart

Setup Rating and Analysis

GNLN has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.05

3.81

When analyzing the support we can see 2 important areas.

A support zone ranging from 3.21 to 3.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.08 from a horizontal line in the daily time frame.

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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 GNLN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GNLN is down.
ChartMill Relative Strength	0.67	NEGATIVE	GNLN has a low relative strength, it was outperformed by 99.33% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GNLN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GNLN is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GNLN is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.9	NEUTRAL	The RSI value for GNLN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests GNLN has a positive trend.
Stochastics (14,3)	70.32	NEUTRAL	The Stochastics value for GNLN is a neutral value.
Average True Range in percent/ATR (20)	7.68	HIGH VOLATILITY	The high ATR as a percentage value for GNLN suggests high volalility.
Average Directional Index/ADX (14)	9.49	NEGATIVE	The low ADX value for GNLN suggests a weak or negative trend.