GLOBAL SHIP LEASE INC-CL A (GSL) Stock Technical Analysis
NYSE:GSL • MHY271836006
We assign a technical rating of 10 out of 10 to GSL. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GSL is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, GSL also shows a nice and consistent pattern of rising prices.
- GSL is one of the better performing stocks in the Marine Transportation industry, it outperforms 76% of 35 stocks in the same industry.
- A new 52 week high is currently being made by GSL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GSL has a been trading in the 35.31 - 41.13 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although GSL has an excellent technical rating, it does not offer a high 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
30.01
We found 5 important support areas.
- A support zone ranging from 36.60 to 37.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.55 from a horizontal line in the daily time frame.
- Support @34.56 from a horizontal line in the daily time frame.
- Support @33.46 from a trend line in the weekly time frame.
- Support @30.31 from a trend line 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 | 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 | 91.92 | POSITIVE | GSL has a high relative strength, it outperformed 91.92% 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) | 70.18 | OVERBOUGHT | The high RSI value suggests GSL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests GSL has a positive trend. |
| Stochastics (14,3) | 94.88 | OVERBOUGHT | The high Stochastics value suggests GSL may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.37 | POSITIVE | The high ADX value value for GSL suggests a strong trend. |
41.08
+0.67 (+1.66%)
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 70.1849. This indicates that the stock is currently overbought.
What is the MACD signal for GSL stock?
The MACD indicator for GLOBAL SHIP LEASE INC-CL A (GSL) has a value of 0.211495, 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 37.09. Check the full technical report for our detailed analysis of GSL support and resistance levels.