GOSSAMER BIO INC (GOSS) Stock Technical Analysis
NASDAQ:GOSS - Nasdaq - US38341P1021 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GOSS. GOSS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GOSS is part of the Biotechnology industry. There are 561 other stocks in this industry. GOSS outperforms 91% of them.
In the last month GOSS has a been trading in the 0.85 - 1.26 range, which is quite wide. It is currently trading near the high of this range.
GOSS has an average volume of 1643040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GOSS did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
GOSS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOSS is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GOSS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GOSS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.80
1.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.06 to 1.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.01 from a horizontal line in the daily time frame.
- Support @0.85 from a trend line in the weekly time frame.
- Support @0.81 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.26 from a horizontal line in the daily time frame.
- Resistance @1.46 from a horizontal line in the weekly time frame.
- Resistance @1.49 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.57
Mansfield1.7
10 Day High1.22
10 Day Low0.99
20 Day High1.26
20 Day Low0.85
52 Week High1.55
52 Week Low0.5
Performance
1 Week13.86%
2 Weeks5.02%
1 Month28.52%
3 Month-17.86%
6 Month65.32%
12 Month85.51%
2 Year-14.18%
3 Year-83.69%
5 Year-90.53%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)57.31
LBB0.99
UBB1.23
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.20 | 1.05 | 0.15 (12.50%) | 8.00% |
| An entry @1.20. This is a Buy Stop order right above the resistance zone. | An exit @1.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 12.50%. | When investing 8.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOSS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.15
-0.03 (-2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.54%
1 Week13.86%
2 Weeks5.02%
1 Month28.52%
3 Month-17.86%
6 Month65.32%
12 Month85.51%
2 Year-14.18%
3 Year-83.69%
5 Year-90.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%9.41%
ATR Inc12.29%
Range Today0.11
ADR(20)0.11
ADR(20)%9.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.57
Mansfield1.7
10 Day High1.22
10 Day Low0.99
20 Day High1.26
20 Day Low0.85
52 Week High1.55
52 Week Low0.5
CS1 End1.07
CR1 Start1.18
Volume & EV
DER(3)4.95%
DER(5)4.39%
Volume2.39M
Volume Incr28.41%
Vol(5)2.03M
Vol(50)1.64M