GOSSAMER BIO INC (GOSS) Stock Technical Analysis
USA - NASDAQ:GOSS - US38341P1021 - Common Stock
We assign a technical rating of 7 out of 10 to GOSS. In the last year, GOSS was one of the better performers, but we do observe some doubts in the very recent evolution.
GOSS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.49. Right above this resistance zone may be a good entry point.
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2.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.34 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.13 from a trend line in the daily time frame.
- Support @2.08 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GOSS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOSS is down. |
| ChartMill Relative Strength | 96.88 | POSITIVE | GOSS has a high relative strength, it outperformed 96.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOSS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOSS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOSS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.97 | NEUTRAL | The RSI value for GOSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GOSS has a positive trend. |
| Stochastics (14,3) | 59.26 | NEUTRAL | The Stochastics value for GOSS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for GOSS suggests high volalility. |
| Average Directional Index/ADX (14) | 20.9 | NEUTRAL | The ADX value for GOSS suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 2.50 | 2.33 | 0.17 (6.80%) | 14.71% |
| An entry @2.50. This is a Buy Stop order right above the resistance zone. | An exit @2.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 6.80%. | For a 1.00% total portfolio risk, you can invest 14.71% of your capital in this trade. |
- 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.
2.36
+0.05 (+2.16%)
GOSSAMER BIO INC / GOSS FAQ
What is the technical rating for GOSS stock?
ChartMill assigns a technical rating of 7 / 10 to GOSS.
Can you provide the trend direction for GOSSAMER BIO INC?
The current trend direction for GOSSAMER BIO INC (GOSS) is Bullish.
What is the RSI signal for GOSS stock?
GOSSAMER BIO INC (GOSS) has an RSI value of 47.9708. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GOSSAMER BIO INC?
The short term momentum for GOSSAMER BIO INC (GOSS) is negative.
What is the support and resistance level for GOSS stock?
GOSSAMER BIO INC (GOSS) has a support level at 2.34 and a resistance level at 2.49. Check the full technical report for our detailed analysis of GOSS support and resistance levels.