GRI Technical Analysis - GRI BIO INC

Technical Rating and Analysis

Overall GRI gets a technical rating of 4 out of 10. In the past year, GRI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, GRI is a bad performer in the overall market: 88% of all stocks are doing better.

GRI is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 65% are performing better than GRI.

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.

GRI has an average volume of 1476190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month GRI has a been trading in the 1.47 - 2.87 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

GRI has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.19

2.16

We found 3 important support areas.

A support zone ranging from 1.90 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.30 from a trend line in the weekly time frame.
Support @1.20 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 1.99 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.10 from a horizontal line in the daily time frame.
Resistance @2.14 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The short term trend for GRI is up.
ChartMill Relative Strength	12.14	NEGATIVE	GRI has a low relative strength, it was outperformed by 87.86% 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	MIXED	The current price of GRI is above 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)	53.76	NEUTRAL	The RSI value for GRI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests GRI has a negative trend.
Stochastics (14,3)	46.21	NEUTRAL	The Stochastics value for GRI is a neutral value.
Average True Range in percent/ATR (20)	12.02	HIGH VOLATILITY	The high ATR as a percentage value for GRI suggests high volalility.
Average Directional Index/ADX (14)	41.28	POSITIVE	The high ADX value value for GRI suggests a strong trend.