GYRE THERAPEUTICS INC (GYRE) Stock Technical Analysis
USA - NASDAQ:GYRE - US4037831033 - Common Stock
Taking everything into account, GYRE scores 4 out of 10 in our technical rating. 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.
Although the technical rating is only medium, GYRE does present a nice setup opportunity. 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 7.83, 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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6.79
3 important support areas can be observed.
- A support zone ranging from 7.69 to 7.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.14 to 7.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.86 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.31 to 8.33. 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 | 14.37 | NEGATIVE | GYRE has a low relative strength, it was outperformed by 85.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GYRE is above a declining 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 | NEGATIVE | The current price of GYRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.05 | NEUTRAL | The RSI value for GYRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GYRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.01 | OVERBOUGHT | The high Stochastics value suggests GYRE may be overbought. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for GYRE suggests some volalility. |
| Average Directional Index/ADX (14) | 18 | NEGATIVE | The low ADX value for GYRE suggests a weak or negative trend. |
7.99
-0.09 (-1.11%)
GYRE THERAPEUTICS INC / GYRE FAQ
What is the technical rating for GYRE stock?
ChartMill assigns a technical rating of 4 / 10 to GYRE.
What is the current trend direction of GYRE THERAPEUTICS INC (GYRE) stock?
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 53.0454. This indicates that the stock is currently neutral.
What is the MACD signal for GYRE THERAPEUTICS INC (GYRE) stock?
The MACD indicator for GYRE THERAPEUTICS INC (GYRE) has a value of 0.0493408, 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 7.83 and a resistance level at 8.31. Check the full technical report for our detailed analysis of GYRE support and resistance levels.