SELLAS LIFE SCIENCES GROUP I (SLS) Stock Technical Analysis
NASDAQ:SLS - Nasdaq - US81642T2096 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SLS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SLS has a been trading in the 1.45 - 2.12 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
SLS is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 559 stocks in the same industry.
SLS has an average volume of 2257200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that SLS is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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.
SLS has an excellent technical rating and also presents 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. There is a support zone below the current price at 1.50, a Stop Loss order could be placed below this zone.
More info and screens
1.07
1.52
We found 4 important support areas.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.17 from a trend line in the daily time frame.
- Support @1.14 from a trend line in the weekly time frame.
- Support @1.08 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 | DOWN | NEGATIVE | The short term trend for SLS is down. |
| ChartMill Relative Strength | 80.46 | POSITIVE | SLS has a high relative strength, it outperformed 80.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLS is below 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) | 43.66 | NEUTRAL | The RSI value for SLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SLS has a negative trend. |
| Stochastics (14,3) | 4.91 | OVERSOLD | The low Stochastics value suggests SLS may be oversold. |
| Average True Range in percent/ATR (20) | 10.35 | HIGH VOLATILITY | The high ATR as a percentage value for SLS suggests high volalility. |
| Average Directional Index/ADX (14) | 32.72 | 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)
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 |
|---|---|---|---|
| 1.62 | 1.47 | 0.15 (9.20%) | 10.87% |
| An entry @1.62. This is a Buy Stop order right above the 10 day moving average. | An exit @1.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 9.20%. | For a 1.00% total portfolio risk, you can invest 10.87% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SLS. 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.
1.5
-0.04 (-2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.6%
1 Week-6.25%
2 Weeks-15.73%
1 Month6.38%
3 Month31.58%
6 Month72%
12 Month0%
2 Year-4.46%
3 Year-32.74%
5 Year-48.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%10.35%
ATR Inc-58.38%
Range Today0.07
ADR(20)0.15
ADR(20)%10.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.46
Mansfield1.37
10 Day High1.83
10 Day Low1.48
20 Day High2.12
20 Day Low1.45
52 Week High2.12
52 Week Low0.77
CS1 End1.5
CR1 StartN/A
Volume & EV
DER(3)-3.12%
DER(5)-2.44%
Volume1.96M
Volume Incr-27.36%
Vol(5)2.09M
Vol(50)2.26M