GRI BIO INC (GRI) Stock Technical Analysis
USA - NASDAQ:GRI - US3622AW4030 - Common Stock
We assign a technical rating of 3 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.
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
1.19
When analyzing the support we can see 3 important areas.
- Support @1.60 from a horizontal line in the daily time frame.
- Support @1.33 from a trend line in the weekly time frame.
- Support @1.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.92 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 7.28 | NEGATIVE | GRI has a low relative strength, it was outperformed by 92.72% 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) | UP | MIXED | The current price of GRI is below 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) | 41.54 | NEUTRAL | The RSI value for GRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GRI has a negative trend. |
| Stochastics (14,3) | 7.35 | OVERSOLD | The low Stochastics value suggests GRI may be oversold. |
| Average True Range in percent/ATR (20) | 9.37 | HIGH VOLATILITY | The high ATR as a percentage value for GRI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.26 | POSITIVE | The high ADX value value for GRI suggests a strong trend. |
1.7
+0.1 (+6.25%)
GRI BIO INC / GRI FAQ
What is the ChartMill technical rating of GRI BIO INC (GRI) stock?
ChartMill assigns a technical rating of 3 / 10 to GRI.
Can you provide the trend direction for GRI BIO INC?
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 41.5442. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GRI BIO INC?
The MACD indicator for GRI BIO INC (GRI) has a value of -0.0524903, indicating a bearish trend.
What is the support and resistance level for GRI stock?
GRI BIO INC (GRI) has a support level at 1.6 and a resistance level at 1.92. Check the full technical report for our detailed analysis of GRI support and resistance levels.