GT BIOPHARMA INC (GTBP) Stock Technical Analysis
NASDAQ:GTBP • US36254L3087
We assign a technical rating of 0 out of 10 to GTBP. GTBP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GTBP is a bad performer in the overall market: 97% of all stocks are doing better.
- GTBP is one of the lesser performing stocks in the Biotechnology industry. 85% of 520 stocks in the same industry do better.
- GTBP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- GTBP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- GTBP has an average volume of 1733660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GTBP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for GTBP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.45
When analyzing the support we notice one important area.
- Support @0.45 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.50 from a trend line in the daily time frame.
- Resistance @0.53 from a trend line in the daily time frame.
- Resistance @0.70 from a trend line in the weekly time frame.
- Resistance @0.92 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for GTBP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GTBP is down. |
| ChartMill Relative Strength | 3.43 | NEGATIVE | GTBP has a low relative strength, it was outperformed by 96.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GTBP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GTBP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.98 | NEUTRAL | The RSI value for GTBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GTBP has a positive trend. |
| Stochastics (14,3) | 26.96 | NEUTRAL | The Stochastics value for GTBP is a neutral value. |
| Average True Range in percent/ATR (20) | 13.45 | HIGH VOLATILITY | The high ATR as a percentage value for GTBP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.31 | POSITIVE | The high ADX value value for GTBP suggests a strong trend. |
0.478
+0.01 (+1.92%)
GT BIOPHARMA INC / GTBP FAQ
What is the technical rating for GTBP stock?
ChartMill assigns a technical rating of 0 / 10 to GTBP.
What is the current trend direction of GT BIOPHARMA INC (GTBP) stock?
The current trend direction for GT BIOPHARMA INC (GTBP) is Bearish.
What is the RSI signal for GT BIOPHARMA INC (GTBP) stock?
GT BIOPHARMA INC (GTBP) has an RSI value of 40.981. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for GT BIOPHARMA INC?
The buy/sell signal for GT BIOPHARMA INC (GTBP) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for GT BIOPHARMA INC (GTBP) stock?
GT BIOPHARMA INC (GTBP) has a support level at 0.45 and a resistance level at 0.49. Check the full technical report for our detailed analysis of GTBP support and resistance levels.