GRAYBUG VISION INC (GRAY) Stock Technical Analysis
NASDAQ:GRAY - Nasdaq - US38942Q1031 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to GRAY. GRAY 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.
94% of all other stocks performed better in the past year than GRAY.
GRAY is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 74% are performing better than GRAY.
GRAY is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month GRAY has a been trading in the 5.00 - 9.24 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: GRAY has an average volume of 24176 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of GRAY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.45
10.80
We can see 3 important resistance areas.
- A resistance zone ranging from 7.62 to 7.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.00 from a trend line in the daily time frame.
- Resistance @10.69 from a trend 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 | DOWN | NEGATIVE | The long term trend for GRAY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRAY is down. |
| ChartMill Relative Strength | 6.32 | NEGATIVE | GRAY has a low relative strength, it was outperformed by 93.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GRAY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GRAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.02 | OVERSOLD | The low RSI value suggests GRAY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GRAY has a negative trend. |
| Stochastics (14,3) | 7.8 | OVERSOLD | The low Stochastics value suggests GRAY may be oversold. |
| Average True Range in percent/ATR (20) | 12.88 | HIGH VOLATILITY | The high ATR as a percentage value for GRAY suggests high volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for GRAY 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)
5.5
-0.67 (-10.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-10.8%
1 Week-23.04%
2 Weeks-34.51%
1 Month-37.39%
3 Month-25.88%
6 Month-60.52%
12 Month-69.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%12.88%
ATR Inc54.99%
Range Today1.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.32
Mansfield-5.33
10 Day High8.4
10 Day Low5
20 Day High9.24
20 Day Low5
52 Week High20.3
52 Week Low5
CS1 EndN/A
CR1 Start7.62
Volume & EV
DER(3)-19.68%
DER(5)-23.7%
Volume24.60K
Volume Incr92.81%
Vol(5)41.32K
Vol(50)24.18K