SELLAS LIFE SCIENCES GROUP I (SLS) Stock Technical Analysis
NASDAQ:SLS - Nasdaq - US81642T2096 - Common Stock - Currency: USD
Taking everything into account, SLS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SLS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SLS is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 555 stocks in the same industry.
SLS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SLS has a been trading in the 1.47 - 2.27 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SLS has an average volume of 3040660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SLS did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SLS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.09
2.19
When analyzing the support we can see 4 important areas.
- Support @1.63 from a trend line in the daily time frame.
- Support @1.57 from a trend line in the daily time frame.
- Support @1.18 from a trend line in the weekly time frame.
- Support @1.10 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 SLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLS is up. |
| ChartMill Relative Strength | 96.23 | POSITIVE | SLS has a high relative strength, it outperformed 96.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLS is above the rising 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) | 67.29 | NEUTRAL | The RSI value for SLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.26 | OVERBOUGHT | The high Stochastics value suggests SLS may be overbought. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for SLS suggests high volalility. |
| Average Directional Index/ADX (14) | 37.99 | POSITIVE | The high ADX value value for SLS suggests a strong 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)
2.17
+0.05 (+2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.36%
1 Week6.9%
2 Weeks38.22%
1 Month35.63%
3 Month108.65%
6 Month100.93%
12 Month79.34%
2 Year32.32%
3 Year-15.23%
5 Year-39.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.49%
ATR Inc33.27%
Range Today0.08
ADR(20)0.14
ADR(20)%6.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.23
Mansfield5.42
10 Day High2.27
10 Day Low1.5
20 Day High2.27
20 Day Low1.47
52 Week High2.27
52 Week Low0.77
CS1 End1.63
CR1 StartN/A
Volume & EV
DER(3)5.47%
DER(5)15.67%
Volume1.40M
Volume Incr112.85%
Vol(5)5.61M
Vol(50)3.04M