GRI BIO INC (GRI) Stock Technical Analysis
NASDAQ:GRI • US3622AW5029
We assign a technical rating of 0 out of 10 to GRI. GRI'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.
- 100% of all other stocks performed better in the past year than GRI.
- GRI is one of the lesser performing stocks in the Biotechnology industry. 93% of 520 stocks in the same industry do better.
- GRI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GRI has a been trading in the 2.10 - 6.70 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- GRI has an average volume of 3085670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GRI has a poor technical rating and the quality of the setup is also not perfect 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
2.47
When analyzing the resistance we notice one important area.
- Resistance @2.56 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for GRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRI is down. |
| ChartMill Relative Strength | 0.11 | NEGATIVE | GRI has a low relative strength, it was outperformed by 99.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.42 | OVERSOLD | The low RSI value suggests GRI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests GRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.87 | NEUTRAL | The Stochastics value for GRI is a neutral value. |
| Average True Range in percent/ATR (20) | 20.53 | HIGH VOLATILITY | The high ATR as a percentage value for GRI suggests high volalility. |
| Average Directional Index/ADX (14) | 47.21 | POSITIVE | The high ADX value value for GRI suggests a strong trend. |
2.49
-0.06 (-2.35%)
GRI BIO INC / GRI FAQ
What is the ChartMill technical rating of GRI BIO INC (GRI) stock?
ChartMill assigns a technical rating of 0 / 10 to GRI.
What is the current trend direction of GRI BIO INC (GRI) stock?
The current trend direction for GRI BIO INC (GRI) is Bearish.
Can you provide the RSI signal for GRI BIO INC?
GRI BIO INC (GRI) has an RSI value of 24.4238. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for GRI BIO INC?
The buy/sell signal for GRI BIO INC (GRI) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for GRI BIO INC?
GRI BIO INC (GRI) has a resistance level at 2.56. Check the full technical report for our detailed analysis of GRI support and resistance levels.