GYRE THERAPEUTICS INC (GYRE) Stock Technical Analysis
NASDAQ:GYRE • US4037831033
We assign a technical rating of 6 out of 10 to GYRE. In the last year, GYRE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, GYRE is a bad performer in the overall market: 80% of all stocks are doing better.
- 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 7.45 - 8.38 range, which is quite wide. It is currently trading near the high of this range.
- GYRE is an average performer in the Biotechnology industry, it outperforms 44% of 521 stocks in the same industry.
GYRE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GYRE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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4 important support areas can be observed.
- Support @8.14 from a trend line in the daily time frame.
- A support zone ranging from 7.71 to 7.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.50 to 7.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.31 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 | 20.56 | NEGATIVE | GYRE has a low relative strength, it was outperformed by 79.44% 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) | UP | POSITIVE | The current price of GYRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GYRE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.52 | NEUTRAL | The RSI value for GYRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GYRE has a positive trend. |
| Stochastics (14,3) | 77.65 | NEUTRAL | The Stochastics value for GYRE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for GYRE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.69 | NEGATIVE | The low ADX value for GYRE 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 |
|---|---|---|---|
| 8.35 | 8.13 | 0.22 (2.63%) | 25.00% |
| An entry @8.35. This is a Buy Stop order right above the resistance zone. | An exit @8.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 2.63%. | For a 0.66% 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 GYRE. 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.
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GYRE THERAPEUTICS INC / GYRE FAQ
What is the technical rating for GYRE stock?
ChartMill assigns a technical rating of 6 / 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 57.5227. 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 0.0143746, 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 8.14 and a resistance level at 8.31. Check the full technical report for our detailed analysis of GYRE support and resistance levels.