Taking everything into account, GRAY scores 0 out of 10 in our technical rating. GRAY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
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. |
5.5
-0.67 (-10.8%)
GRAYBUG VISION INC / GRAY FAQ
Can you provide the ChartMill technical rating for GRAYBUG VISION INC?
ChartMill assigns a technical rating of 0 / 10 to GRAY.
What is the current trend direction of GRAYBUG VISION INC (GRAY) stock?
The current trend direction for GRAYBUG VISION INC (GRAY) is Bearish.
What is the RSI signal for GRAYBUG VISION INC (GRAY) stock?
GRAYBUG VISION INC (GRAY) has an RSI value of 23.0212. This indicates that the stock is currently oversold.
What is the buy/sell signal for GRAY stock?
The buy/sell signal for GRAYBUG VISION INC (GRAY) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for GRAYBUG VISION INC?
GRAYBUG VISION INC (GRAY) has a resistance level at 7.62. Check the full technical report for our detailed analysis of GRAY support and resistance levels.