GLOBAL SHIP LEASE INC-CL A (GSL) Stock Technical Analysis
NYSE:GSL - New York Stock Exchange, Inc. - MHY271836006 - Common Stock - Currency: USD
Overall GSL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GSL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
GSL is one of the better performing stocks in the Marine Transportation industry, it outperforms 90% of 32 stocks in the same industry.
In the last month GSL has a been trading in the 23.95 - 26.65 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, GSL turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
GSL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GSL is lagging the market slightly.
Although GSL has an excellent technical rating, it does not present a decent entry opportunity 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
19.32
26.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.48 to 24.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.52 to 19.77. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @26.65 from a horizontal 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 | 56.05 | NEUTRAL | GSL is not amongst the best or worst performers 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) | 69.83 | NEUTRAL | The RSI value for GSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.64 | OVERBOUGHT | The high Stochastics value suggests GSL may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.42 | POSITIVE | The high ADX value value for GSL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.46
+0.33 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg1.26%
1 Week2.88%
2 Weeks6.48%
1 Month6.91%
3 Month13.81%
6 Month21.71%
12 Month-5.74%
2 Year36.39%
3 Year60.17%
5 Year524.06%
10 Year-42.88%
15 Year20.27%
Volatility
ATR(14)0.54
ATR(20)%2.62%
ATR Inc1.62%
Range Today0.73
ADR(20)0.62
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.05
Mansfield0.69
10 Day High26.56
10 Day Low24.51
20 Day High26.65
20 Day Low23.95
52 Week High30.19
52 Week Low17.73
CS1 End24.48
CR1 Start26.65
Volume & EV
DER(3)5.36%
DER(5)3.85%
Volume347.80K
Volume Incr-21.58%
Vol(5)363.46K
Vol(50)424.60K