GSL Technical Analysis - GLOBAL SHIP LEASE INC-CL A

Technical Rating and Analysis

Overall GSL gets a technical rating of 10 out of 10. 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.

When comparing the yearly performance of all stocks, we notice that GSL is one of the better performing stocks in the market, outperforming 82% of all stocks.

GSL is part of the Marine Transportation industry. There are 35 other stocks in this industry. GSL outperforms 94% of them.

GSL is currently trading near its 52 week high, which is a good sign. 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 29.28 - 33.08 range, which is quite wide. It is currently trading near the high of this range.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

GLOBAL SHIP LEASE INC-CL A / GSL Weekly stock chart

GLOBAL SHIP LEASE INC-CL A / GSL Daily stock chart

Setup Rating and Analysis

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

19.57

32.18

We found 3 important support areas.

Support @31.71 from a trend line in the daily time frame.
A support zone ranging from 29.42 to 29.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 19.77 to 19.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	82.5	POSITIVE	GSL has a high relative strength, it outperformed 82.5% 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)	57.62	NEUTRAL	The RSI value for GSL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests GSL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.69	OVERBOUGHT	The high Stochastics value suggests GSL may be overbought.
Average True Range in percent/ATR (20)	1.96	LOW VOLATILITY	The low ATR as a percentage value for GSL suggests low volalility.
Average Directional Index/ADX (14)	39.75	POSITIVE	The high ADX value value for GSL suggests a strong trend.