SELLAS LIFE SCIENCES GROUP I (SLS) Stock Technical Analysis
NASDAQ:SLS - Nasdaq - US81642T2096 - Common Stock - Currency: USD
Taking everything into account, SLS scores 1 out of 10 in our technical rating. SLS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month SLS has a been trading in the 1.50 - 1.96 range, which is quite wide. It is currently trading near the lows of this range.
SLS has an average volume of 2778050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, SLS turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
SLS is part of the Biotechnology industry. There are 550 other stocks in this industry, SLS did better than 63% of them.
SLS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLS is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SLS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.54, a Stop Loss order could be placed below this zone.
More info and screens
1.14
1.64
5 important support areas can be observed.
- A support zone ranging from 1.53 to 1.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.50 from a horizontal line in the daily time frame.
- Support @1.29 from a trend line in the daily time frame.
- Support @1.24 from a trend line in the weekly time frame.
- Support @1.15 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.56 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.62 from a horizontal line 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 SLS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLS is down. |
| ChartMill Relative Strength | 56.49 | NEUTRAL | SLS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.81 | NEUTRAL | The RSI value for SLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.03 | OVERSOLD | The low Stochastics value suggests SLS may be oversold. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for SLS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for SLS suggests a weak or negative 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)
1.55
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-3.12%
2 Weeks-2.52%
1 Month-18.42%
3 Month-4.91%
6 Month17.42%
12 Month17.42%
2 Year5.44%
3 Year-49.35%
5 Year-27.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.02%
ATR Inc24.25%
Range Today0.1
ADR(20)0.11
ADR(20)%7.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.49
Mansfield0.41
10 Day High1.71
10 Day Low1.5
20 Day High1.96
20 Day Low1.5
52 Week High2.27
52 Week Low0.77
CS1 End1.54
CR1 Start1.56
Volume & EV
DER(3)-7.75%
DER(5)-6.78%
Volume1.49M
Volume Incr-28.29%
Vol(5)1.70M
Vol(50)2.78M