SOL-GEL TECHNOLOGIES LTD (SLGL) Stock Technical Analysis
NASDAQ:SLGL - Nasdaq - IL0011417206 - Common Stock - Currency: USD
Overall SLGL gets a technical rating of 6 out of 10. SLGL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SLGL is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 72% of 195 stocks in the same industry.
Looking at the yearly performance, SLGL did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SLGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLGL is lagging the market.
In the last month SLGL has a been trading in the 6.80 - 8.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLGL has only a medium 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. We notice that large players showed an interest for SLGL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.25
9.81
We found 5 important support areas.
- Support @7.42 from a trend line in the daily time frame.
- A support zone ranging from 7.09 to 7.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.89 from a horizontal line in the daily time frame.
- Support @4.50 from a trend line in the weekly time frame.
- Support @4.29 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @7.86 from a horizontal line in the weekly time frame.
- Resistance @9.71 from a trend line in the weekly 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 SLGL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLGL is neutral. |
| ChartMill Relative Strength | 70.57 | POSITIVE | SLGL has a high relative strength, it outperformed 70.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.11 | NEUTRAL | The RSI value for SLGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SLGL has a positive trend. |
| Stochastics (14,3) | 44.34 | NEUTRAL | The Stochastics value for SLGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SLGL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for SLGL suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 7.87 | 7.41 | 0.46 (5.84%) | 17.11% |
| An entry @7.87. This is a Buy Stop order right above the resistance zone. | An exit @7.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.46 points, which is 5.84%. | When investing 17.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SLGL. 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.
7.49
+0.2 (+2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.76%
1 Week7%
2 Weeks8.39%
1 Month0.36%
3 Month36.18%
6 Month-33.12%
12 Month-15.84%
2 Year-74.95%
3 Year-81.73%
5 Year-91.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%4.72%
ATR Inc-3.83%
Range Today0.34
ADR(20)0.34
ADR(20)%4.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.57
Mansfield0.64
10 Day High8.21
10 Day Low6.85
20 Day High8.21
20 Day Low6.8
52 Week High16.5
52 Week Low3.34
CS1 End7.42
CR1 Start7.86
Volume & EV
DER(3)3.01%
DER(5)-1.85%
Volume12.40K
Volume Incr-68.65%
Vol(5)9.04K
Vol(50)185.84K