GRIFOLS SA-ADR (GRFS) Stock Technical Analysis
NASDAQ:GRFS • US3984384087
Taking everything into account, GRFS scores 5 out of 10 in our technical rating. In the past year, GRFS was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that GRFS is one of the better performing stocks in the market, outperforming 76% of all 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 521 other stocks in this industry, GRFS did better than 66% 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 - 9.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GRFS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.23, a Stop Loss order could be placed below this zone.
More info and screens
6.97
4 important support areas can be observed.
- A support zone ranging from 9.04 to 9.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.87 from a trend line in the daily time frame.
- 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 @7.04 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.34 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 76.35 | POSITIVE | GRFS has a high relative strength, it outperformed 76.35% 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) | 52.33 | NEUTRAL | The RSI value for GRFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GRFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.45 | NEUTRAL | The Stochastics value for GRFS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for GRFS suggests some volalility. |
| Average Directional Index/ADX (14) | 9.32 | NEGATIVE | The low ADX value for GRFS suggests a weak or negative trend. |
9.32
+0.04 (+0.43%)
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 52.3291. 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 9.23 and a resistance level at 9.34. Check the full technical report for our detailed analysis of GRFS support and resistance levels.