GLOBAL SHIP LEASE INC-CL A (GSL) Technical Analysis
NYSE:GSL • MHY271836006
Current stock price
GSL Technical Rating and Analysis
Taking everything into account, GSL scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GSL is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that GSL is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, GSL also shows a nice and consistent pattern of rising prices.
- 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.
- In the last month GSL has a been trading in the 35.77 - 40.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- GSL is part of the Marine Transportation industry. There are 35 other stocks in this industry, GSL did better than 50% of them.
- Considerably lower volume is observed in the last couple of days.
GSL Weekly and Daily overview Charts
GSL Setup Rating and Analysis
Besides having an excellent technical rating, GSL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.29, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
GSL Support and Resistance Analysis
34.89
We found 4 important support areas.
- A support zone ranging from 37.79 to 38.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.64 to 36.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.88 to 35.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.24 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.09 to 41.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
GSL 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 | NEUTRAL | NEUTRAL | The short term trend for GSL is neutral. |
| ChartMill Relative Strength | 88.22 | POSITIVE | GSL has a high relative strength, it outperformed 88.22% 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 | MIXED | The current price of GSL is below 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) | 50.66 | NEUTRAL | The RSI value for GSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests GSL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.8 | NEUTRAL | The Stochastics value for GSL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 10.31 | NEGATIVE | The low ADX value for GSL suggests a weak or negative trend. |
GSL Chart- and CandleStick Pattern Analysis
GSL Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.69 | 37.78 | 0.91 (2.34%) | 25.00% |
| An entry @38.69. This is a Buy Stop order right above the 10 day moving average. | An exit @37.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.91 points, which is 2.34%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GSL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GSL Technicals: Chart, Performance Metrics, Trend & Indicators
38.54
-0.41 (-1.05%)
GLOBAL SHIP LEASE INC-CL A / GSL TA 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 trend direction for GSL stock?
The current trend direction for GLOBAL SHIP LEASE INC-CL A (GSL) is Bullish.
What is the RSI signal for GSL stock?
GLOBAL SHIP LEASE INC-CL A (GSL) has an RSI value of 50.6608. This indicates that the stock is currently neutral.
What is the short term momentum for GLOBAL SHIP LEASE INC-CL A (GSL) stock?
The short term momentum for GLOBAL SHIP LEASE INC-CL A (GSL) is neutral.
What are the support and resistance levels for GLOBAL SHIP LEASE INC-CL A (GSL) stock?
GLOBAL SHIP LEASE INC-CL A (GSL) has a support level at 38.29 and a resistance level at 41.09. Check the full technical report for our detailed analysis of GSL support and resistance levels.