Galectin Therapeutics Technical Analysis (NASDAQ:GALT)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Galectin Therapeutics stock price data and volume are plotted in GALT stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Galectin Therapeutics. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Galectin Therapeutics stock analysis.
Galectin Therapeutics Moving Average
Moving averages help predict the price direction of GALT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $5.37 is below the last closing price of $6.02 and the 50 day moving average of $5.26 is below the last closing price of $6.02. The 10 and 20 day periods can predict short term moving average trends.
Galectin Therapeutics Bollinger Bands
Bollinger bands comprise of a center line usually GALT SMA, and two GALT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $6.02 is in the upper range of Galectin Therapeutics bollinger bands.
Galectin Therapeutics Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Galectin Therapeutics MACD indicator can be used to identify bullish and bearish trends for the stock.
Galectin Therapeutics Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 64.95 is the RSI value of GALT stock.