GRIFOLS SA-ADR (GRFS) Stock Technical Analysis
NASDAQ:GRFS - Nasdaq - US3984384087 - ADR - Currency: USD
Taking everything into account, GRFS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRFS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
GRFS is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 558 stocks in the same industry.
In the last month GRFS has a been trading in the 8.18 - 9.16 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that GRFS is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Although GRFS has an excellent technical rating, the quality of the presented setup is 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
6.55
9.66
6 important support areas can be observed.
- A support zone ranging from 8.68 to 8.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.50 from a trend line in the daily time frame.
- Support @8.36 from a horizontal line in the daily time frame.
- A support zone ranging from 8.15 to 8.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.76 from a trend line in the weekly time frame.
- Support @6.62 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @9.07 from a trend line in the daily time frame.
- A resistance zone ranging from 9.50 to 9.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GRFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRFS is up. |
| ChartMill Relative Strength | 88.34 | POSITIVE | GRFS has a high relative strength, it outperformed 88.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRFS is above the rising 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) | 57.97 | NEUTRAL | The RSI value for GRFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests GRFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.88 | NEUTRAL | The Stochastics value for GRFS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for GRFS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.53 | POSITIVE | The high ADX value value for GRFS 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 |
|---|---|---|---|
| 9.08 | 8.67 | 0.41 (4.52%) | 22.15% |
| An entry @9.08. This is a Buy Stop order right above the resistance zone. | An exit @8.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 4.52%. | For a 1.00% total portfolio risk, you can invest 22.15% of your capital in this trade. |
- 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.
8.78
+0.27 (+3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.17%
1 Week0.92%
2 Weeks-1.9%
1 Month7.33%
3 Month20.77%
6 Month14.77%
12 Month39.25%
2 Year-4.15%
3 Year-26.09%
5 Year-51.86%
10 Year-43.3%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.78%
ATR Inc-16.12%
Range Today0.13
ADR(20)0.2
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.34
Mansfield0.35
10 Day High9.16
10 Day Low8.18
20 Day High9.16
20 Day Low8.18
52 Week High9.96
52 Week Low6.19
CS1 End8.76
CR1 Start9.07
Volume & EV
DER(3)-2.19%
DER(5)-1.32%
Volume432.80K
Volume Incr25.92%
Vol(5)855.44K
Vol(50)789.04K