GREENLANE HOLDINGS INC - A (GNLN) Stock Technical Analysis
USA - NASDAQ:GNLN - US3953305097 - Common Stock
Taking everything into account, GNLN scores 0 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.
Although the technical rating is bad, GNLN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GNLN 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
3.01
We found 1 important support area.
- A support zone ranging from 3.04 to 3.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.21 to 3.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.80 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 | 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 | 3.45 | NEGATIVE | GNLN has a low relative strength, it was outperformed by 96.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GNLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GNLN is below a declining 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) | 41.93 | NEUTRAL | The RSI value for GNLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GNLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.1 | NEUTRAL | The Stochastics value for GNLN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for GNLN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for GNLN suggests a possible start of a new trend. |
3.2
+0.04 (+1.27%)
GREENLANE HOLDINGS INC - A / GNLN FAQ
Can you provide the ChartMill technical rating for GREENLANE HOLDINGS INC - A?
ChartMill assigns a technical rating of 0 / 10 to GNLN.
What is the trend direction for GNLN stock?
The current trend direction for GREENLANE HOLDINGS INC - A (GNLN) is Bearish.
What is the RSI signal for GREENLANE HOLDINGS INC - A (GNLN) stock?
GREENLANE HOLDINGS INC - A (GNLN) has an RSI value of 41.9306. This indicates that the stock is currently neutral.
What is the short term momentum for GNLN stock?
The short term momentum for GREENLANE HOLDINGS INC - A (GNLN) is negative.
What are the support and resistance levels for GREENLANE HOLDINGS INC - A (GNLN) stock?
GREENLANE HOLDINGS INC - A (GNLN) has a support level at 3.08 and a resistance level at 3.21. Check the full technical report for our detailed analysis of GNLN support and resistance levels.