SELLAS LIFE SCIENCES GROUP I (SLS) Stock Technical Analysis
NASDAQ:SLS - US81642T2096 - Common Stock
1.91 USD
+0.13 (+7.3%)
1.92 USD
+0.01 (+0.52%)
Overall SLS gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLS is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SLS is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, SLS also shows a nice and consistent pattern of rising prices.
SLS is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 542 stocks in the same industry.
SLS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLS is lagging the market slightly.
In the last month SLS has a been trading in the 1.50 - 2.01 range, which is quite wide. It is currently trading near the high of this range.
SLS has an average volume of 2647430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SLS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SLS 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
1.26
1.95
We found 7 important support areas.
- A support zone ranging from 1.76 to 1.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.70 from a trend line in the weekly time frame.
- Support @1.64 from a trend line in the daily time frame.
- Support @1.58 from a trend line in the daily time frame.
- Support @1.54 from a horizontal line in the daily time frame.
- Support @1.50 from a horizontal line in the daily time frame.
- Support @1.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.93 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 | UP | POSITIVE | The long term trend for SLS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLS is neutral. |
| ChartMill Relative Strength | 88.61 | POSITIVE | SLS has a high relative strength, it outperformed 88.61% 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) | 57.67 | NEUTRAL | The RSI value for SLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SLS has a positive trend. |
| Stochastics (14,3) | 60.66 | NEUTRAL | The Stochastics value for SLS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for SLS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.58 | 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)
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 |
|---|---|---|---|
| 1.94 | 1.75 | 0.19 (9.79%) | 10.21% |
| An entry @1.94. This is a Buy Stop order right above the resistance zone. | An exit @1.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 9.79%. | When investing 10.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
1.91
+0.13 (+7.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.3%
1 Week-0.52%
2 Weeks8.52%
1 Month19.38%
3 Month18.63%
6 Month60.5%
12 Month60.5%
2 Year16.46%
3 Year-5.45%
5 Year-27.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.34%
ATR Inc0.85%
Range Today0.18
ADR(20)0.12
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.61
Mansfield2.56
10 Day High2.01
10 Day Low1.75
20 Day High2.01
20 Day Low1.5
52 Week High2.27
52 Week Low0.77
CS1 End1.78
CR1 Start1.93
Volume & EV
DER(3)4.52%
DER(5)0.44%
Volume1.61M
Volume Incr-11.38%
Vol(5)1.64M
Vol(50)2.65M