GLOBAL SHIP LEASE INC-CL A (GSL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GSL - MHY271836006 - Common Stock
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.
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 34.87, a Stop Loss order could be placed below this zone.
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19.57
4 important support areas can be observed.
- A support zone ranging from 33.14 to 34.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.04 to 31.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 36.19 to 36.50. 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 | UP | POSITIVE | The short term trend for GSL is up. |
| ChartMill Relative Strength | 91.47 | POSITIVE | GSL has a high relative strength, it outperformed 91.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GSL is above 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) | 56.11 | NEUTRAL | The RSI value for GSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.45 | NEUTRAL | The Stochastics value for GSL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for GSL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for GSL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 35.41 | 32.99 | 2.42 (6.83%) | 14.63% |
| An entry @35.41. This is a Buy Stop order right above the 10 day high. | An exit @32.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.42 points, which is 6.83%. | When investing 14.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.94
-0.06 (-0.17%)
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.
Can you provide the trend direction for GLOBAL SHIP LEASE INC-CL A?
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 56.1111. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL SHIP LEASE INC-CL A?
The short term momentum for GLOBAL SHIP LEASE INC-CL A (GSL) is positive.
What is the support and resistance level for GSL stock?
GLOBAL SHIP LEASE INC-CL A (GSL) has a support level at 34.87 and a resistance level at 36.19. Check the full technical report for our detailed analysis of GSL support and resistance levels.