GREENLANE HOLDINGS INC - A (GNLN) Stock Technical Analysis
NASDAQ:GNLN - Nasdaq - US3953304009 - Common Stock - Currency: USD
Taking everything into account, GNLN scores 0 out of 10 in our technical rating. GNLN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than GNLN.
GNLN is part of the Distributors industry. There are 19 other stocks in this industry, of which 72% 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.
In the last month GNLN has a been trading in the 2.86 - 12.68 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.
GNLN has an average volume of 343006000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GNLN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
3.77
3.85
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 | 0.03 | NEGATIVE | GNLN has a low relative strength, it was outperformed by 99.97% 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) | 31.2 | NEUTRAL | The RSI value for GNLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.2 | POSITIVE | The MACD value suggests GNLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.93 | OVERSOLD | The low Stochastics value suggests GNLN may be oversold. |
| Average True Range in percent/ATR (20) | 48.77 | HIGH VOLATILITY | The high ATR as a percentage value for GNLN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.71 | POSITIVE | The high ADX value value for GNLN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.81
+0.05 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg1.33%
1 Week-27.43%
2 Weeks-51.15%
1 Month-30.41%
3 Month-97.9%
6 Month-99.71%
12 Month-99.83%
2 Year-99.95%
3 Year-100%
5 Year-100%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.92
ATR(20)%48.77%
ATR Inc-78.14%
Range Today0.28
ADR(20)1.51
ADR(20)%39.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.03
Mansfield-9.98
10 Day High7.73
10 Day Low2.86
20 Day High12.68
20 Day Low2.86
52 Week High16350
52 Week Low2.86
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)2.49%
DER(5)-0.91%
Volume270.50K
Volume Incr-98.54%
Vol(5)6.82M
Vol(50)343.01M