GRI BIO INC (GRI) Stock Technical Analysis
NASDAQ:GRI - Nasdaq - US3622AW4030 - Common Stock - Currency: USD
Taking everything into account, GRI scores 4 out of 10 in our technical rating. 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: 96% of all stocks are doing better.
GRI is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 74% 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.
In the last month GRI has a been trading in the 1.20 - 2.09 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GRI has an average technical rating and it also does not offer a high 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
1.20
2.12
When analyzing the support we can see 2 important areas.
- Support @1.32 from a trend line in the daily time frame.
- Support @1.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.08 to 2.10. 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 | 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 | 4.24 | NEGATIVE | GRI has a low relative strength, it was outperformed by 95.76% 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) | UP | POSITIVE | The current price of GRI is above the rising 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) | 64.24 | NEUTRAL | The RSI value for GRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GRI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.71 | NEUTRAL | The Stochastics value for GRI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for GRI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.07 | NEUTRAL | The ADX value for GRI suggests a possible start of a new 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)
1.99
+0.17 (+9.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg9.34%
1 Week7.57%
2 Weeks35.37%
1 Month50.76%
3 Month9.34%
6 Month-80.96%
12 Month-90.71%
2 Year-99.96%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.83%
ATR Inc54.78%
Range Today0.15
ADR(20)0.15
ADR(20)%7.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.24
Mansfield-7.48
10 Day High2.09
10 Day Low1.49
20 Day High2.09
20 Day Low1.2
52 Week High30.43
52 Week Low1.1
CS1 End1.32
CR1 Start2.08
Volume & EV
DER(3)-15.73%
DER(5)-7.71%
Volume203.20K
Volume Incr62.7%
Vol(5)231.50K
Vol(50)252.98K