GLOBAL SHIP LEASE INC-CL A (GSL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GSL • MHY271836006
Taking everything into account, GSL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GSL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GSL did better than 91% of all other stocks. We also observe that the gains produced by GSL over the past year are nicely spread over this period.
- GSL is part of the Marine Transportation industry. There are 35 other stocks in this industry. GSL outperforms 88% of them.
- GSL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GSL has a been trading in the 34.60 - 38.52 range, which is quite wide. It is currently trading near the high of this range.
GSL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 37.04, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.57
We found 7 important support areas.
- A support zone ranging from 36.44 to 37.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.81 from a horizontal line in the weekly time frame.
- Support @33.14 from a horizontal line in the daily time frame.
- Support @32.55 from a trend line in the weekly time frame.
- Support @29.79 from a trend line in the daily time frame.
- Support @28.24 from a horizontal line in the daily time frame.
- Support @19.77 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for GSL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSL is up. |
| ChartMill Relative Strength | 91.54 | POSITIVE | GSL has a high relative strength, it outperformed 91.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GSL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.42 | NEUTRAL | The RSI value for GSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests GSL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.68 | OVERBOUGHT | The high Stochastics value suggests GSL may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.49 | NEGATIVE | The low ADX value for GSL suggests a weak or negative 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 |
|---|---|---|---|
| 38.53 | 36.43 | 2.10 (5.45%) | 18.35% |
| An entry @38.53. This is a Buy Stop order right above the 10 day high. | An exit @36.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.10 points, which is 5.45%. | When investing 18.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
37.39
-0.6 (-1.58%)
GLOBAL SHIP LEASE INC-CL A / GSL FAQ
Can you provide the ChartMill technical rating for GLOBAL SHIP LEASE INC-CL A?
ChartMill assigns a technical rating of 10 / 10 to GSL.
What is the current trend direction of GLOBAL SHIP LEASE INC-CL A (GSL) stock?
The current trend direction for GLOBAL SHIP LEASE INC-CL A (GSL) is Bullish.
Can you provide the RSI signal for GLOBAL SHIP LEASE INC-CL A?
GLOBAL SHIP LEASE INC-CL A (GSL) has an RSI value of 61.4198. This indicates that the stock is currently neutral.
What is the MACD signal for GSL stock?
The MACD indicator for GLOBAL SHIP LEASE INC-CL A (GSL) has a value of 0.113073, indicating a bearish trend.
What is the support and resistance level for GSL stock?
GLOBAL SHIP LEASE INC-CL A (GSL) has a support level at 37.04. Check the full technical report for our detailed analysis of GSL support and resistance levels.