GSK Technical Analysis - GSK PLC-SPON ADR

Technical Rating and Analysis

Overall GSK gets a technical rating of 8 out of 10. Although GSK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

GSK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GSK is lagging the market slightly.

GSK has an average volume of 4559650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, GSK did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

GSK is an average performer in the Pharmaceuticals industry, it outperforms 58% of 196 stocks in the same industry.

In the last month GSK has a been trading in the 39.29 - 45.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher 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

GSK PLC-SPON ADR / GSK Weekly stock chart

GSK PLC-SPON ADR / GSK Daily stock chart

Setup Rating and Analysis

Although GSK has an excellent technical rating, the quality of the presented setup is 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

35.86

43.89

When analyzing the support we can see 4 important areas.

A support zone ranging from 43.04 to 43.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 38.38 to 40.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @37.74 from a trend line in the weekly time frame.
Support @36.22 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for GSK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GSK is up.
ChartMill Relative Strength	72.78	POSITIVE	GSK has a high relative strength, it outperformed 72.78% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GSK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GSK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GSK is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.59	NEUTRAL	The RSI value for GSK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests GSK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	65.71	NEUTRAL	The Stochastics value for GSK is a neutral value.
Average True Range in percent/ATR (20)	2.11	MEDIUM VOLATILITY	The ATR as a percentage value for GSK suggests some volalility.
Average Directional Index/ADX (14)	27.67	POSITIVE	The high ADX value value for GSK suggests a strong trend.