GSK PLC-SPON ADR (GSK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GSK - US37733W2044 - ADR
Overall GSK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GSK has proven to be a steady performer, scoring decent points in every aspect analyzed.
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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35.86
5 important support areas can be observed.
- A support zone ranging from 47.26 to 47.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 42.84 to 43.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.85 from a horizontal line in the daily time frame.
- Support @38.69 from a trend line in the weekly time frame.
- Support @36.22 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.28 to 48.42. This zone is formed by a combination of multiple trend lines 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 | 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 | 89.7 | POSITIVE | GSK has a high relative strength, it outperformed 89.7% 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) | 60.92 | NEUTRAL | The RSI value for GSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GSK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.34 | NEUTRAL | The Stochastics value for GSK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for GSK suggests low volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for GSK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.43 | 47.25 | 1.18 (2.44%) | 25.00% |
| An entry @48.43. This is a Buy Stop order right above the resistance zone. | An exit @47.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.18 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GSK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.27
+1.08 (+2.29%)
GSK PLC-SPON ADR / GSK FAQ
Can you provide the ChartMill technical rating for GSK PLC-SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to GSK.
What is the trend direction for GSK stock?
The current trend direction for GSK PLC-SPON ADR (GSK) is Bullish.
What is the RSI signal for GSK PLC-SPON ADR (GSK) stock?
GSK PLC-SPON ADR (GSK) has an RSI value of 60.9176. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for GSK PLC-SPON ADR?
The buy/sell signal for GSK PLC-SPON ADR (GSK) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for GSK PLC-SPON ADR (GSK) stock?
GSK PLC-SPON ADR (GSK) has a support level at 47.34 and a resistance level at 48.28. Check the full technical report for our detailed analysis of GSK support and resistance levels.