GS71 Technical Analysis - GSK PLC

Technical Rating and Analysis

Taking everything into account, GS71 scores 6 out of 10 in our technical rating. GS71 has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

86% of all other stocks performed better in the past year than GS71.

GS71 is one of the lesser performing stocks in the Pharmaceuticals industry. 63% of 50 stocks in the same industry do better.

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

In the last month GS71 has a been trading in the 16.64 - 17.75 range, which is quite wide. It is currently trading near the high of this range.

GS71 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GS71 is lagging the market.

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

GS71 has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.41

18.94

When analyzing the support we can see 3 important areas.

A support zone ranging from 16.59 to 17.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 16.02 to 16.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @15.57 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @18.42 from a horizontal line in the weekly time frame.
A resistance zone ranging from 18.75 to 18.75. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for GS71.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GS71.DE is up.
ChartMill Relative Strength	14.85	NEGATIVE	GS71.DE has a low relative strength, it was outperformed by 85.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GS71.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GS71.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GS71.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.49	NEUTRAL	The RSI value for GS71.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests GS71.DE has a positive trend.
Stochastics (14,3)	81.11	OVERBOUGHT	The high Stochastics value suggests GS71.DE may be overbought.
Average True Range in percent/ATR (20)	1.72	LOW VOLATILITY	The low ATR as a percentage value for GS71.DE suggests low volalility.
Average Directional Index/ADX (14)	21.46	NEUTRAL	The ADX value for GS71.DE suggests a possible start of a new trend.