GLOBAL SHIP LEASE INC-CL A (GSL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GSL • MHY271836006
Overall GSL gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month GSL has a been trading in the 34.74 - 38.52 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, GSL did better than 91% of all other stocks. On top of that, GSL also shows a nice and consistent pattern of rising prices.
- GSL is part of the Marine Transportation industry. There are 35 other stocks in this industry. GSL outperforms 88% of them.
- GSL 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 GSL is lagging the market slightly.
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
19.57
We found 7 important support areas.
- A support zone ranging from 34.56 to 34.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @29.85 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.55 to 38.00. 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 GSL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GSL is neutral. |
| ChartMill Relative Strength | 91.08 | POSITIVE | GSL has a high relative strength, it outperformed 91.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSL is below a declining 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) | 45.21 | NEUTRAL | The RSI value for GSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests GSL has a negative trend. |
| Stochastics (14,3) | 41.7 | NEUTRAL | The Stochastics value for GSL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for GSL suggests a weak or negative trend. |
35.56
-0.44 (-1.22%)
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 9 / 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 45.2066. 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 -0.124823, 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 34.76 and a resistance level at 37.55. Check the full technical report for our detailed analysis of GSL support and resistance levels.