We assign a technical rating of 5 out of 10 to GYRE. GYRE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 83% of all other stocks performed better in the past year than GYRE.
- GYRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month GYRE has a been trading in the 6.76 - 8.38 range, which is quite wide. It is currently trading near the high of this range.
- GYRE is part of the Biotechnology industry. There are 525 other stocks in this industry, GYRE did better than 42% of them.
Although the technical rating is only medium, GYRE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.65, a Stop Loss order could be placed below this zone.
More info and screens
6.58
We found 3 important support areas.
- A support zone ranging from 7.53 to 7.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.80 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.65 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.24 to 8.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.88 to 9.00. 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 | NEUTRAL | NEUTRAL | The long term trend for GYRE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GYRE is up. |
| ChartMill Relative Strength | 17.15 | NEGATIVE | GYRE has a low relative strength, it was outperformed by 82.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GYRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GYRE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GYRE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.25 | NEUTRAL | The RSI value for GYRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GYRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.63 | NEUTRAL | The Stochastics value for GYRE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for GYRE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for GYRE suggests a weak or negative trend. |
7.9
+0.05 (+0.64%)
GYRE THERAPEUTICS INC / GYRE FAQ
What is the technical rating for GYRE stock?
ChartMill assigns a technical rating of 5 / 10 to GYRE.
Can you provide the trend direction for GYRE THERAPEUTICS INC?
The current trend direction for GYRE THERAPEUTICS INC (GYRE) is Bearish.
Can you provide the RSI signal for GYRE THERAPEUTICS INC?
GYRE THERAPEUTICS INC (GYRE) has an RSI value of 54.2504. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GYRE THERAPEUTICS INC?
The MACD indicator for GYRE THERAPEUTICS INC (GYRE) has a value of 0.0623593, indicating a bearish trend.
Can you provide the support and resistance levels for GYRE THERAPEUTICS INC?
GYRE THERAPEUTICS INC (GYRE) has a support level at 7.65 and a resistance level at 8.24. Check the full technical report for our detailed analysis of GYRE support and resistance levels.