GT BIOPHARMA INC (GTBP) Stock Technical Analysis
NASDAQ:GTBP - Nasdaq - US36254L3087 - Common Stock - Currency: USD
Overall GTBP gets a technical rating of 7 out of 10. Although GTBP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month GTBP has a been trading in the 2.56 - 3.85 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When compared to the yearly performance of all other stocks, GTBP outperforms 46% of them, which is more or less in line with the market.
GTBP is part of the Biotechnology industry. There are 555 other stocks in this industry, GTBP did better than 62% of them.
GTBP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GTBP is lagging the market.
Although GTBP 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
2.16
2.82
3 important support areas can be observed.
- A support zone ranging from 2.79 to 2.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.29 from a trend line in the daily time frame.
- A support zone ranging from 2.18 to 2.18. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for GTBP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GTBP is neutral. |
| ChartMill Relative Strength | 46.51 | NEUTRAL | GTBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GTBP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTBP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.44 | NEUTRAL | The RSI value for GTBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GTBP has a negative trend. |
| Stochastics (14,3) | 33.2 | NEUTRAL | The Stochastics value for GTBP is a neutral value. |
| Average True Range in percent/ATR (20) | 10.3 | HIGH VOLATILITY | The high ATR as a percentage value for GTBP suggests high volalility. |
| Average Directional Index/ADX (14) | 38.75 | POSITIVE | The high ADX value value for GTBP 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)
2.795
-0.3 (-9.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-9.72%
1 Week-26.45%
2 Weeks-4.93%
1 Month3.9%
3 Month18.94%
6 Month-6.83%
12 Month-2.95%
2 Year-66.12%
3 Year-96.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%10.3%
ATR Inc40.04%
Range Today0.4
ADR(20)0.28
ADR(20)%10.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.51
Mansfield0.29
10 Day High3.85
10 Day Low2.69
20 Day High3.85
20 Day Low2.56
52 Week High4.1
52 Week Low1.72
CS1 End3.03
CR1 StartN/A
Volume & EV
DER(3)-10.82%
DER(5)-17.05%
Volume126.20K
Volume Incr4.56%
Vol(5)76.18K
Vol(50)73.56K