GOSSAMER BIO INC (GOSS) Stock Technical Analysis
NASDAQ:GOSS - Nasdaq - US38341P1021 - Common Stock - Currency: USD
Overall GOSS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GOSS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GOSS is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by GOSS over the past year are nicely spread over this period.
GOSS is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 557 stocks in the same industry.
GOSS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GOSS has an average volume of 1512950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Besides having an excellent technical rating, GOSS also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.23, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.82
1.47
We found 3 important support areas.
- A support zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.87 from a trend line in the weekly time frame.
- Support @0.83 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.31 from a trend line in the daily time frame.
- A resistance zone ranging from 1.34 to 1.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.46 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for GOSS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOSS is up. |
| ChartMill Relative Strength | 92.73 | POSITIVE | GOSS has a high relative strength, it outperformed 92.73% 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) | UP | POSITIVE | The current price of GOSS is above the rising 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) | 54.58 | NEUTRAL | The RSI value for GOSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GOSS has a negative trend. |
| Stochastics (14,3) | 56.32 | NEUTRAL | The Stochastics value for GOSS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for GOSS suggests high volalility. |
| Average Directional Index/ADX (14) | 37.31 | POSITIVE | The high ADX value value for GOSS 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)
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 |
|---|---|---|---|
| 1.32 | 1.20 | 0.12 (9.09%) | 11.00% |
| An entry @1.32. This is a Buy Stop order right above the resistance zone. | An exit @1.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 9.09%. | For a 1.00% total portfolio risk, you can invest 11.00% 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.
1.24
-0.04 (-3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.12%
1 Week-0.8%
2 Weeks1.64%
1 Month13.76%
3 Month-10.79%
6 Month47.62%
12 Month90.77%
2 Year3.33%
3 Year-85.19%
5 Year-90.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.22%
ATR Inc30.81%
Range Today0.08
ADR(20)0.09
ADR(20)%7.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.73
Mansfield1.77
10 Day High1.38
10 Day Low1.2
20 Day High1.38
20 Day Low1.08
52 Week High1.55
52 Week Low0.66
CS1 End1.23
CR1 Start1.31
Volume & EV
DER(3)1.09%
DER(5)-2.88%
Volume916.55K
Volume Incr-14.76%
Vol(5)1.27M
Vol(50)1.51M