We assign a technical rating of 5 out of 10 to GRFS. Although GRFS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, GRFS did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- GRFS is part of the Biotechnology industry. There are 524 other stocks in this industry, GRFS did better than 67% of them.
- GRFS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRFS is lagging the market.
- In the last month GRFS has a been trading in the 8.63 - 9.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GRFS has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.00
3 important support areas can be observed.
- A support zone ranging from 8.84 to 9.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.35 to 8.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.07 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.30 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.55 to 9.75. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for GRFS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRFS is neutral. |
| ChartMill Relative Strength | 80.6 | POSITIVE | GRFS has a high relative strength, it outperformed 80.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GRFS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRFS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRFS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.94 | NEUTRAL | The RSI value for GRFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GRFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.5 | OVERBOUGHT | The high Stochastics value suggests GRFS may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for GRFS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.16 | NEGATIVE | The low ADX value for GRFS suggests a weak or negative trend. |
9.19
-0.35 (-3.67%)
GRIFOLS SA-ADR / GRFS FAQ
Can you provide the ChartMill technical rating for GRIFOLS SA-ADR?
ChartMill assigns a technical rating of 5 / 10 to GRFS.
What is the current trend direction of GRIFOLS SA-ADR (GRFS) stock?
The current trend direction for GRIFOLS SA-ADR (GRFS) is Bearish.
What is the RSI signal for GRFS stock?
GRIFOLS SA-ADR (GRFS) has an RSI value of 49.9353. This indicates that the stock is currently neutral.
What is the short term momentum for GRFS stock?
The short term momentum for GRIFOLS SA-ADR (GRFS) is neutral.
What are the support and resistance levels for GRIFOLS SA-ADR (GRFS) stock?
GRIFOLS SA-ADR (GRFS) has a support level at 9.18 and a resistance level at 9.3. Check the full technical report for our detailed analysis of GRFS support and resistance levels.