GREENLANE HOLDINGS INC - A (GNLN) Stock Technical Analysis
NASDAQ:GNLN - Nasdaq - US3953304009 - Common Stock - Currency: USD
Overall GNLN gets a technical rating of 0 out of 10. 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.
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 one of the lesser performing stocks in the Distributors industry. 72% of 19 stocks in the same industry do better.
GNLN 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 GNLN is lagging the market.
GNLN has an average volume of 227263000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GNLN has a been trading in the 2.84 - 5.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of GNLN is bad and it also does not present a quality setup 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
3.05
4.13
We found 2 important support areas.
- Support @3.42 from a horizontal line in the daily time frame.
- Support @3.08 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.06 to 4.09. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 0.76 | NEGATIVE | GNLN has a low relative strength, it was outperformed by 99.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GNLN is above 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) | 38.18 | NEUTRAL | The RSI value for GNLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests GNLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.82 | NEUTRAL | The Stochastics value for GNLN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.91 | HIGH VOLATILITY | The high ATR as a percentage value for GNLN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for GNLN suggests a weak or negative 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)
3.8
-0.18 (-4.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-4.52%
1 Week-16.85%
2 Weeks11.11%
1 Month-0.26%
3 Month-50.33%
6 Month-99.64%
12 Month-99.84%
2 Year-99.95%
3 Year-100%
5 Year-100%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%12.91%
ATR Inc-16.48%
Range Today0.19
ADR(20)0.48
ADR(20)%12.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.76
Mansfield-9.97
10 Day High5.32
10 Day Low3.38
20 Day High5.32
20 Day Low2.84
52 Week High16350
52 Week Low2.84
CS1 End3.42
CR1 Start4.06
Volume & EV
DER(3)-2.71%
DER(5)-4.1%
Volume89.60K
Volume Incr-89.26%
Vol(5)228.22K
Vol(50)227.26M