GLOBAL SHIP LEASE INC-CL A (GSL) Stock Technical Analysis
NYSE:GSL - New York Stock Exchange, Inc. - MHY271836006 - Common Stock - Currency: USD
Taking everything into account, GSL scores 7 out of 10 in our technical rating. In the last year, GSL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
GSL is one of the better performing stocks in the Marine Transportation industry, it outperforms 96% of 32 stocks in the same industry.
In the last month GSL has a been trading in the 20.50 - 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 59% 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.
Volume is considerably higher in the last couple of days.
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
19.25
25.92
When analyzing the support we can see 2 important areas.
- Support @19.77 from a horizontal line in the weekly time frame.
- Support @19.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.64 to 25.66. 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 | NEUTRAL | NEUTRAL | The long term trend for GSL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSL is up. |
| ChartMill Relative Strength | 59.96 | 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) | 72.11 | OVERBOUGHT | The high RSI value suggests GSL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests GSL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.37 | OVERBOUGHT | The high Stochastics value suggests GSL may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.6 | 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)
24.95
-0.7 (-2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-2.73%
1 Week4.06%
2 Weeks19.58%
1 Month23.55%
3 Month13.2%
6 Month15.23%
12 Month-10.44%
2 Year48.95%
3 Year17.88%
5 Year516.69%
10 Year-43.85%
15 Year4.1%
Volatility
ATR(14)0.78
ATR(20)%2.67%
ATR Inc33.1%
Range Today1.27
ADR(20)0.58
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.96
Mansfield0.44
10 Day High26.65
10 Day Low21.5
20 Day High26.65
20 Day Low20.5
52 Week High30.32
52 Week Low17.73
CS1 End19.77
CR1 Start25.66
Volume & EV
DER(3)0.94%
DER(5)2.4%
Volume800.09K
Volume Incr134.59%
Vol(5)664.54K
Vol(50)411.26K