GYRE Technical Analysis - GYRE THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, GYRE scores 0 out of 10 in our technical rating. GYRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

91% of all other stocks performed better in the past year than GYRE.

GYRE is one of the lesser performing stocks in the Biotechnology industry. 66% of 538 stocks in the same industry do better.

GYRE 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.

In the last month GYRE has a been trading in the 7.02 - 8.55 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GYRE THERAPEUTICS INC / GYRE Weekly stock chart

GYRE THERAPEUTICS INC / GYRE Daily stock chart

Setup Rating and Analysis

GYRE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.57

8.65

We found 2 important support areas.

Support @6.76 from a trend line in the daily time frame.
Support @6.64 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

Resistance @7.32 from a trend line in the daily time frame.
A resistance zone ranging from 7.52 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.03 to 8.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @8.56 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 GYRE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GYRE is down.
ChartMill Relative Strength	9.79	NEGATIVE	GYRE has a low relative strength, it was outperformed by 90.21% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GYRE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GYRE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GYRE is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.83	NEUTRAL	The RSI value for GYRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests GYRE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.53	OVERSOLD	The low Stochastics value suggests GYRE may be oversold.
Average True Range in percent/ATR (20)	5.9	HIGH VOLATILITY	The high ATR as a percentage value for GYRE suggests high volalility.
Average Directional Index/ADX (14)	21.87	NEUTRAL	The ADX value for GYRE suggests a possible start of a new trend.