GRAYBUG VISION INC (GRAY) Technical Analysis
NASDAQ:GRAY • US38942Q1031
Current stock price
GRAY Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to GRAY. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 94% of all other stocks performed better in the past year than GRAY.
- GRAY is one of the lesser performing stocks in the Pharmaceuticals industry. 75% of 191 stocks in the same industry do better.
- 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.
GRAY Weekly and Daily overview Charts
GRAY Setup Rating and Analysis
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
GRAY Support and Resistance Analysis
5.45
When analyzing the resistance we notice 3 important 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.
GRAY Technical Indicator Signal Analysis
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. |
GRAY Chart- and CandleStick Pattern Analysis
GRAY Technicals: Chart, Performance Metrics, Trend & Indicators
5.5
-0.67 (-10.8%)
GRAYBUG VISION INC / GRAY TA FAQ
Can you provide the ChartMill technical rating for GRAYBUG VISION INC?
ChartMill assigns a technical rating of 0 / 10 to GRAY.
Can you provide the trend direction for GRAYBUG VISION INC?
The current trend direction for GRAYBUG VISION INC (GRAY) is Bearish.
Can you provide the RSI signal for GRAYBUG VISION INC?
GRAYBUG VISION INC (GRAY) has an RSI value of 23.0212. This indicates that the stock is currently oversold.
What is the MACD signal for GRAY stock?
The MACD indicator for GRAYBUG VISION INC (GRAY) has a value of -0.195752, indicating a bearish trend.
What is the buy/sell signal for GRAYBUG VISION INC (GRAY) stock?
The buy/sell signal for GRAYBUG VISION INC (GRAY) is sell as both the short term and long term trends are negative.