GRI BIO INC (GRI) Technical Analysis
NASDAQ:GRI • US3622AW5029
Current stock price
GRI Technical Rating and Analysis
Overall GRI gets a technical rating of 1 out of 10. GRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, GRI is a bad performer in the overall market: 100% of all stocks are doing better.
- GRI is one of the lesser performing stocks in the Biotechnology industry. 92% of 519 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. The S&P500 Index is trading in the upper part of its 52 week range, so GRI is lagging the market.
- GRI has an average volume of 1349460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GRI has a been trading in the 2.17 - 2.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GRI Weekly and Daily overview Charts
GRI Setup Rating and Analysis
The technical rating of GRI is bad and it also does not present a quality setup 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
GRI Support and Resistance Analysis
2.28
When analyzing the support we notice one important area.
- A support zone ranging from 2.30 to 2.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.55 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GRI 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 GRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRI is down. |
| ChartMill Relative Strength | 0.41 | NEGATIVE | GRI has a low relative strength, it was outperformed by 99.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRI is above the rising 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) | 35.07 | NEUTRAL | The RSI value for GRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests GRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.11 | NEUTRAL | The Stochastics value for GRI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for GRI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.21 | POSITIVE | The high ADX value value for GRI suggests a strong trend. |
GRI Chart- and CandleStick Pattern Analysis
GRI Technicals: Chart, Performance Metrics, Trend & Indicators
2.54
-0.38 (-13.01%)
GRI BIO INC / GRI TA FAQ
What is the ChartMill technical rating of GRI BIO INC (GRI) stock?
ChartMill assigns a technical rating of 1 / 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 35.068. This indicates that the stock is currently neutral.
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 support level at 2.32 and a resistance level at 2.55. Check the full technical report for our detailed analysis of GRI support and resistance levels.